Latest Articles

Dollar gains, stocks teeter as US data suggests rates to stay higher

The dollar rose and a gauge of global equities slid on Thursday after data once again highlighted persistent U.S. labor market strength, suggesting the...
HomeCurrencieswhat is ADP currency?what is ADP currency symbol and code?

what is ADP currency?what is ADP currency symbol and code?

The peseta was the currency of Spain between 1868 and 2002. Along with the French franc, it was also a de facto currency used in Andorra (which had no national currency with legal tender).

the Spanish peseta symbol

Traditionally, there was never a single symbol or special character for the Spanish peseta. Common abbreviations were “Pt”, “Pta”, “Pts” and “Ptas”.

The ADP (Andorran peseta) (pesseta in Catalan) was pegged at 1:1 to the Spanish peseta. Following the outbreak of the Spanish Civil War on 17 July 1936, the Andorran General Council issued Decree No. 112 of 19 December 1936, authorizing the issuance of paper money backed by Spanish banknotes.

The ADP replacement by the euro

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. The conversion rate was 1 euro = 166.386 ₧.

Peseta notes issued since 1939 and coins that were legal tender on 31 December 2001 remained exchangeable at any branch of the Spanish Central Bank until 30 June 2021.According to that entity, as of March 2011 pesetas to a value estimated at €1.7 billion had not been converted to euros.

Reminder: For more information on currency market, foreign currency, currency war, you can follow reelfinancial.com to provide you with the most comprehensive EURUSD, GBPUSD, currency speculation, currency exchange rates today, and other information.