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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.
The official currency used in Spain since 2002 has been the Euro. The Euro is the official currency of Spain and twelve other European countries including neighbouring France and Portugal.The advantage of having this universal currency in Spain and across Europe is that there is no need to exchange currency every time you travel between countries in Europe.he Euro is the official currency of Spain and twelve other European countries including neighbouring France and Portugal. The advantage of having this universal currency in Spain and across Europe is that there is no need to exchange currency every time you travel between countries in Europe.