Banknotes and coins

Peseta banknotes and coins

On 31 December 2020 the deadline for exchanging notes and coins in pesetas expires. Pesetas can be exchanged at any of the fifteen Banco de España branchesOpens in a new window located throughout the country or at the Madrid headquarters (C / Alcalá, 48), between 8:30 a.m to 14:00 p.m.

In order to guarantee the security measures recommended by the health authorities, it is necessary to make an appointment to carry out this procedure at the Banco de España facilities. All related information and contact details can be found in  Customer service during the COVID-19 crisis

The exchange rate is 1 euro = 166.386 pesetas. Aspects such as the age or state of the peseta notes and coins will not be taken into consideration.
For more information on the exchange procedure, consult this transaction at "Related Services" within the "You may also like..." section.

In "Useful documents" section you can consult the poster, the brochure and a video regarding the exchange of pesetas for euros.

Exchangeable peseta banknotes

As a general rule, all notes issued after 1939 may be exchanged. When applicable, notes issued between 1936 and 1939 may also be exchanged after analysis by Banco de España experts.

Exchangeable peseta notes may be consulted in the document “Exchangeable peseta notes”, within the “You may also like” section.

Notes with a surface area equal to or less than 50% of the entire note will not be exchanged.

Exchangeable peseta coins

Coins that were in circulation on 1 January 2002 may be exchanged. Banco de España will reimburse autenthic coins, even deteriorated coins, that are recognised as such by the machines used for this purpose, and may refuse to exchange those that have undergone alterations due to an industrial or mechanical process.

2,000 peseta coins that were in circulation on 1 January 2002 may also be exchanged, in addition to collector’s coins, commemorative coins and special coins.

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