noun
definition
The former currency of the Spanish Empire and Andorra, divided into 100 céntimos.
Examples of pesetas in a Sentence
He decided in favour of Spain, but gave Germany free trading rights; and in 1899 Germany took over the administration of the islands from Spain, paying 25,000,000 pesetas (nearly £1,000,000 sterling).
In December 1906, after long discussion, the contribution of the Basque Provinces to the state, according to the law of the 21st of July 1876, was fixed for the next twenty years; for the first ten years at 8,500,000 pesetas, for the next ten an additional 500,000 pesetas, from 31st December 1916 to 31st December 1926, the province of Guipuzcoa paying in addition 700,000 pesetas to the treasury.
According to its par value 25-225 pesetas are about equal to Li, but the actual value of the peseta is about 74d.
The interest on all colonial debts ceased to be paid in gold, and was paid only in pesetas, like the rest of the internal debts, and like the external debt held by Spaniards.
There is no national monetary unit in Andorra, both French francs and Spanish pesetas are accepted.