Basic Country Data:
Country ISO Code: ES
Official Language: Spanish (Castilian)
Language ISO Code: es
Current Official Currency: Euro
Current Currency ISO Code: EUR
ISO Code: EUR
Singular Name: euro
Plural Name: euros
Monetary Subdivision: 1 euro = 100 cents
Subdivision Name Singular: cent
Subdivision Name Plural: cents
Initial Production Date: 1999 (electronic money), 2002 (physical money)
Initial Circulation Date: 1999 (electronic), 2002 (physical)
Final Production Date: ongoing
Final Circulation Date: currently in circulation
Mint: various European mints, including the Royal Spanish Mint (Real Casa de la Moneda)
Issuing Bank: European Central Bank (ECB)
Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 and 2 euros
Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros (500 euro note no longer issued since 2019)
Designs / Symbols:
Coins: three main designs — effigy of King Juan Carlos I (first and second series), effigy of King Felipe VI (third series since 2015), effigy of Miguel de Cervantes, and the façade of the Cathedral of Santiago de Compostela.
Banknotes: European architectural motifs (bridges, doors, windows), no depiction of real persons.
Economic Historical Context:
Spain was among the first 11 countries to adopt the euro in January 1999.
The euro replaced the Spanish peseta in 2002, with a dual circulation period until the peseta ceased to be legal tender.
Relevant Monetary Legislation: European Union treaties and ECB regulations
Issuing Authority: European Central Bank
Signatories on Banknotes: President and Vice-President of the ECB
Persons or Symbols Honored: Spanish national and cultural symbols, no portraits of real persons
Curiosities:
Spanish euro coins feature both the current and former monarchs, as well as cultural figures like Miguel de Cervantes.
The Spanish mint has specific marks that appear on the coins.
This report provides the financial history of Spain, highlighting the euro as the official currency since 1999 (electronically) and 2002 (physically), with details on coin and banknote designs, historical context, and current status.