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The Minister Council has decided today to extend the time for the redemption of Spanish peseta banknotes and coins for six months. These can be exchanged now until 30 June 2021.

This decision modifies Article 25 of Law 46/1998 which introduced the euro and established December 31 2020 as the limit for their exchange. 

The decision was taken in view of the difficulties caused by the COVID-19 Pandemic.

Source: Banco de España.

Courtesy: PHL Numismatique; Marinus Lass; Gabriel’s Numismatic Market, LLC.

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