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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.
Local Currency. The Euro (EUR), the currency of the European Union, is the official currency of Spain. Many stores and restaurants also accept major credit cards, which usually offer you a good exchange rate. When shopping, remember there is a Value-Added Tax added to most purchases.