First Peseta Banknotes Issued
- When
- 1874
- Where
- Madrid
In 1874 the Bank of Spain introduced peseta banknotes in five denominations, after the government granted it a monopoly on issuing Spanish bank notes.
In 1874, the Bank of Spain introduced notes for 25, 50, 100, 500, and 1,000 pesetas. The issuance followed the government's grant of a monopoly on the issuance of Spanish bank notes, given because the government required the bank's financial support for its civil and colonial wars. The bank already possessed note-issuance capability at Madrid, dating to the 1829 fund of 40 million reales created by Treasury Minister Luis López Ballesteros; that earlier arrangement preceded the 1874 first issuance and was not itself part of it. No day-level date for the issuance appears in the supplied passages.
Sources
- Spanish peseta Wikipedia, revision of 2026-07-05
- Bank of Spain Wikipedia, revision of 2026-07-07
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.