Description
The peseta was introduced in 1869 after Spain joined the Latin Monetary Union in 1868. The Spanish Law of June 26, 1864 decreed that in preparation for joining the Latin Monetary Union , the peseta became a subdivision of the peso with 1 peso duro = 5 pesetas. The peseta replaced the escudo at a rate of 5 pesetas = 1 peso duro = 2 escudos. Was the currency of Spain between 1869 and 2002. The Banco de España started issuing these 2000 Spanish Peseta coins in 1989. They were withdrawn from circulation in 2001. Commemorative coins of 2000 Spanish Pesetas come in 66 different designs, all commemorating a special event, place, person, animal or Olympic sport. The portrait on most of the 2000 PTAS pieces is that of King Juan Carlos I, in some cases joined by Queen Sophia or Crown Prince Felipe. Sports featured on the 2000 pesetas coins include chariot racing, sprint, tug of war, equestrianism, tennis, wheelchair basketball, bowling, basketball, running, football and archery.
