Catalan peseta

The peseta was a unit of currency in Catalonia until 1850, when the whole of Spain decimalized. It was also a name used throughout Spain for an amount of 4 reales de vellón. It was coined in Barcelona in gold and silver from 1808 until 1814, under the Napoleonic government.[1]

In Catalonia, the peseta was subdivided into 6 sueldos, each of 4 quartos (also spelled cuartos), 8 ochavos or 12 dineros. Five pesetas were equal to one duro, which was itself equal to the Spanish 8 reales de plata fuerte (Spanish dollar). In the new, decimal currency, the peseta was worth 4 reales.[2]

The name peseta reappeared in 1868 for the new Spanish currency. Its value was equivalent to that of the earlier peseta.[3]


Etymology

The name of the currency comes from the diminutive form of the word peça (piece) synonym of coin.[4]

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References
  1. Salrach i Marés, Josep M.; Termes, Josep (1992). Diccionari d'Història de Catalunya (in Catalan). Ed. 62. p. 816.
  2. Suchet, Louis Gabriel (1829). Memoirs of the War in Spain, from 1808 to 1814. volume 1. H. Colburn. p. 304.
  3. Vergés, Josep C. (2003). Laureà Figuerola i la pesseta (in Spanish). Institut d'Estudis Catalans. p. 11. ISBN 8472836649.
  4. http://dcvb.iec.cat/results.asp?word=pesseta



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