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• n  formerly the basic unit of money in Spain; equal to 100 centimos

• Purpose: to strengthen the weak Spanish peseta, keep it from slipping lower.
• To increase confidence in the sunk but slowly rising Spanish peseta Provisional President Alcala Zamora declared: "I have not a large fortune, but what I have I have now .
• Credit was tightened, the budget slashed, the peseta devalued to a realistic 60 to the dollar.

• Spanish peseta

Quotes

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• Guus Hiddink in Goal.com
  During my time there was not a single peseta to spend,Hiddink told EFE. "I had to work with the squad I had at the time. Now it seems there is no limit to the money and it is possible to buy, like [president] Florentino Perez has...
• Joaquin Almunia in International Herald Tribune
  I got along very well with him,Almunia said of Solchaga. "But in 1987 he didn't give money to anyone, not even God, because we had just joined the EU and he was obsessed with getting the peseta into the euro, so these were years of fiscal...