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Catalogue of procedures

Exchanging pesetas for euros ES_BDE_C122_P53

Process description

You can exchange pesetas for euros in the Banco de España building in Madrid (48 Calle Alcalá) and in branches.

The bank's opening hours are from 08.30 to 14.00, Monday to Friday.

People who wish to exchange amounts worth €1,000 or over at Banco de España must provide proof of identity by presenting their DNI, passport or residency card. Banco de España may also request that people provide proof of identity if they wish to exchange an amount worth less than €1,000.

The period for exchanging peseta banknotes and coins for euros at Banco de España will come to an end on 31 December 2020.

Banknotes with a surface area of 50% or less of the banknote shall not be exchanged.

Peseta banknotes and coins accepted for exchange.

As a general rule, all peseta banknotes issued since 1939 may be changed. Those issued between 1936 and 1939 must be examined by experts from the Banco de España to determine their exchange value.

Coins that were in circulation on 1 January 2002 may be exchanged. The Banco de España will reimburse authentic coins, including those damaged, that are recognised as such by the machines used for this purpose. It may refuse to exchange those coins that have undergone alterations due to an industrial or mechanical process.

2,000-peseta coins that were in circulation on 1 January 2002 may also be exchanged, as may collector’s coins, commemorative coins and special coins.

Under the heading “Also of interest…”, more information is provided on the banknotes and coins that may be exchanged under the links “Exchangeable peseta banknotes” and “Exchangeable peseta coins”.

Target audience

Any individual.

How to start the process

In person:
You can exchange pesetas for euros in the Banco de España building in Madrid (48 Calle Alcalá) and in branches.

By post:
People wishing to exchange pesetas for euros who are not in Spain have the option of exchanging peseta banknotes for euros by sending them by registered post together with the correctly completed form. Any coins sent by post will not be exchanged.It is mandatory to fill in the IBAN code.

Electronically:

To do this you need to download and fill in the "Form for exchanging pesetas for euros from abroad", available in the "Processing" section and, once the form has been signed electronically, submit it via the Banco de España Electronic Register, which is accessible from the "Processing" section. To do this, go to the Electronic Register and, following the instructions given, download the "Form for submitting documents to the Register" and send the completed form together with the "Form for exchanging pesetas for euros from abroad". Once you have completed this step, you need to send the peseta banknotes by registered post together with a copy of the "Form for exchanging pesetas for euros from abroad" which you submitted via the Electronic Register.

If you do not have a digital certificate, you can download the "Form for exchanging pesetas for euros from abroad" and send it via the contact form available in “Contact us” section.

Contact Us

Cash and Issue Department

  • Postal address:

    Banco de España
    Departamento de Emisión y Caja
    C/ Alcalá, 48
    28014 Madrid

  • Contact Form 
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