The silver coinage consists of the sol (100 cents), half sol (50 cents), and pieces of 20 (peseta), so and 5 cents; and the copper coinage of 1 and 2 cents.
PESETA, a silver coin and unit of value, the Spanish equivalent of the French, Belgian and Swiss franc, the Italian lira and the Greek drachma in the Latin monetary union.
Pensum, weight), of which peseta is a diminutive, was a Spanish coin of gold, peso de oro, or silver, peso de plata, once current in Spain and her colonies, and now the name of a silver coin of many South American states.
Peseta = 20 „ Real = 10 „ Nickel :-5 cents.
In the case of the currency the old Spanish name of peseta was retained for the unit (the franc, 91/2d.).
The peseta is divided into 100 centesimos.
According to its par value 25-225 pesetas are about equal to Li, but the actual value of the peseta is about 74d.
But the only silver coin which is legal tender up to any amount is tim 5-peseta piece, and the coinage of this is restricted.
Onepe~eta pieces in silver, and 20-, 10- and 5-peseta pieces in gold are also current.
Before the introduction of the decimal monetary system the peseta was the fifth part of a peso dare, which was equal to 20 re i/es de velion, or rather more than a 5-franc piece.