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Currency. The Euro is the official currency of Spain. The Euro was launched in two stages. First, in January 1999, to became the new official currency of 11 EU Member States, replacing the old national currencies -- such as the Spanish Peseta. It was introduced in the virtual form for bank transactions. The second stage, in January 2002, was when the Euro officially appeared in circulation.
Currency used in Spain which is Euro, like many of the countries of the European Union,One Euro values up to 1.3491U.S dollars. Notes with denominations of five, ten, twenty, hundred, two hundred and five hundred Euros are available in the market. The coins in the Spain Currency of Euro start with a 1 cent piece and ends with a 2 Euro piece. On the denomination side of the Spanish (Euro) coin is the same for all European countries but the image on the face side of the coin varies according to the country of the European Union that is using the coin.