Next June 30 will end the term that the Government granted to exchange the last pesetas put into circulation. , this week anyone who has these coins at home will still be able to exchange them for their value in euros… since since July, all those that remain unchanged will only be valid for collectors.
The Bank of Spain collects, until next Wednesday, all the pesetas that the Spaniards want to part with and transfer them to their value in euros. With the traditional 1 euro equal to 166,386 pesetas so adopted since they stopped circulating on January 1, 2002, on June 30, 2021 the six-month extension that the Government imposed in the face of the coronavirus restrictions will end.
Therefore, all those that are not delivered after this date will only have sentimental value and their price can only be exchanged with collectors. But not everything goes and the Bank of Spain has made it clear that both banknotes and coins must be “not so damaged as not to be recognized”. In other words, every peseta presented must be identifiable or not be split in half.
What pesetas can be delivered?
With 16 coins and 50 banknotes in circulation since 1939, in different formats that can be seen in two pdfs that the Bank of Spain has published ( and ), those prior to these must be analyzed by experts.
In other words, all those pesetas that go from 1936 to the end of the Civil War must go through a prior control to authenticate their value, as well as any commemorative, collection or special coins.
In what volumes can they be delivered?
Admitting any packaging, that is, you can carry the pesetas you want in boxes, bags, backpacks… yes, large quantities are only allowed in specific units. A condition that affects volumes of more than 1,000 pesetas and in different conditions depending on the value.
– 500, 200 and 100 pesetas, in boxes or bags of 1,000 pieces.
– 50 and 25 pesetas, in boxes or bags of 2,000 pieces.
– 10 pesetas, in boxes or bags of 2,500 pieces.
– 5 pesetas, in boxes or bags of 4,000 pieces.
– 1 peseta, in boxes or bags of 10,000 pieces.
How are pesetas exchanged?
In recent months and to avoid large crowds, the Bank of Spain has made it a condition to present pesetas to request an appointment. However, in recent days this measure has been lifted, so it is no longer necessary to go to the institution’s website first, although if you already have an appointment, preference will be given.
In any of the (there is at least one per Autonomous Community except in Cantabria, La Rioja and Navarra, whose closest ones are in Oviedo, Bilbao or Zaragoza) or in the central office in Madrid (calle Alcalá, 48), Banco de Until June 30, Spain receives all those Spaniards who want to part with their last pesetas.
In addition, for non-residents in Spain, the Bank of Spain also enables postal mail, although without exchanging currencies, and the electronic process for which it is necessary to register with the Cl@ve system.
More than 1,500 million unredeemed
According to the latest published data, until April the Spanish kept a total of 263,888 million pesetas or, what is the same, 1,586 million euros. Of these, 130,613 million were in coins (785 million euros), while 133,275 million were in bills (801 million euros).
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