On the last day of 2020 the chance to change in your peseta banknotes will have concluded. Until then the only place you can change them is at the Banco de España.

Any Spanish banknote between 1939 and when the Peseta were dropped for the Euro can be exchanged for their equivalent value in modern Spanish currency.

But it’s not only banknotes but coins too, which were still around up to 2002 as legal tender. Coins that were in circulation on 1st of January, 2002 may be exchanged. The Banco de España will reimburse autenthic coins, even deteriorated coins, that are recognised as such by the machines used for this purpose, and may refuse to exchange those that have undergone alterations due to an industrial or mechanical process.

Even the 2,000-peseta coins that were in circulation on 1 January 2002 may be exchanged, in addition to collector’s coins, commemorative coins and special coins.

So, if you’re hanging onto banknotes and coinage belonging to the Peseta (which were around a total of 130 years) you can visit the Banco de España webpage to find out more information about exchanging them.

Mind you, you can always nip up to Madrid to the Bank of Spain building on Calle Alcalá Nº48 or any of its 15 branches across Spain – heads up; the nearest is in Málaga. Oh, and you need to get an appointment first by phoning 913 385 000 or via filling out a form on their website.

Let’s face it, though, if you have Peseta banknotes or coins, it’s because you want to hang onto them.

(News: Spain)