Banknotes and coins

Peseta banknotes and coins

The deadline for exchanging banknotes and coins in pesetas has been extended to 30 June 2021. 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 banknotes 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 and the brochure regarding the exchange of pesetas for euros.

Exchangeable peseta banknotes

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

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

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

The Banco de España will reimburse authentic coins, including those damaged, that are recognised as such by the machines used for this purpose. It may refuse to exchange those coins that have undergone alterations due to an industrial or mechanical process. Damaged peseta coins will be submitted according to the procedure established for euro coins. You can check this information in the section “How to proceed to exchange damaged euro coins" in the section “Damaged and defective coins”.

In the case of presenting large volumes of coins, the units established for packaging are the following:

Peseta coins 
NameNumber of pieces per bag/box
500, 200, 100 pts. 1.000
50, 25 pts. 2.000
10 pts. 2.500
5 pts. 4.000
1 pts. 10.000


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