On 1 January 2002, the euro went into circulation, replacing Spanish banknotes and coins. The Governing Council of the European Central Bank (BCE) decided on the volume of euro banknotes to be issued each year and approved the total value of the coins that would be issued by each country. Putting banknotes and coins into circulation is the responsibility of the different national central banks.
Since the arrival of the euro, the face value and number of banknotes in circulation has increased continuously, among other reasons because cash, as a means of payment, has some unique characteristics:
This section provides you with information on the euro banknotes and coins, as well as information of interest on the old peseta.