Explanation:

The currency in Spain is the euro, the same as in other European Union countries.
The euro is divided into 100 cents. There are eight different coins: 1, 2, 5, 10, 20 and 50 cents, and 1 and 2 euros.
The peseta was replaced by the euro on 1 January 1999 on currency exchange boards. Euro coins and notes were introduced in January 2002, and on 1 March 2002 the peseta lost its legal tender status in Spain, and also in Andorra.