peseta etymology

Etymology

The word "peseta" comes from the Spanish word "peso," meaning "weight" or "piece of money."

Meaning and Origin

• The peseta was the official currency of Spain from 1869 to 2002.
• It originated in the 14th century Aragon kingdom as a silver coin called the "peso de plata."
• In the 19th century, the peseta became the standard currency of Spain, replacing the previously used reales and escudos.

Historical Significance

• The peseta played a significant role in Spanish economic and political history.
• It experienced periods of stability and depreciation, reflecting the economic and political conditions of the country.
• The peseta was a symbol of Spain's membership in the European Community (later European Union) and was pegged to the Euro in 1999.

Replacement by the Euro

• On January 1, 2002, Spain adopted the Euro as its currency, replacing the peseta.
• The exchange rate was fixed at 166.386 pesetas to 1 Euro.
• The peseta ceased to be legal tender on February 28, 2002.

peseta relate terms

• peso

  Etymology Spanish peso Latin pensum payment Meaning and Origin The term peso o

• pound

  Etymology The word pound comes from the Old English pund or pundt which itself

• context

  Etymology of Context The word context originates from the Latin word contextus mea

• solstice

  Etymology The word solstice is derived from the Latin word solstitium which means s

• Logos

  Etymology The word logos comes from the Ancient Greek word λόγος lógos meani

• mitigate

  Etymology The word mitigate comes from the Latin word mitigare which means to make

• crucible

  Etymology Old French creuset Late Latin crucibulum a diminutive of crux cross Latin

• missionary

  Etymology Latin missionarius from missīo sending forth expedition Old French

• obvious

  Obvious Etymology Middle English obviouse from Latin obvius meaning in the way

• forget

  Forget Etymology Old English forgietan from Proto Germanic for getan to forget neg

• team

  Etymology The word team originates from the Middle English word teme which means a