Back to pesetas
Spain town reintroduces peseta to boost economy
A small town in northern Spain has decided to reintroduce the old Spanish currency - the peseta - alongside the euro to give the local economy a lift.
Shopkeepers in Mugardos want anyone with forgotten stashes of the old cash at home to come and spend it.
Source: BBC News
Vocabulary:
to boost -
alongside -
(to give stg) a lift -
a stash (of cash) / to stash -
a purchase -
a cash register -
a slump -
to get round to doing stg -
a hardware store -
staggering (adj) -
to slip (down the back of a sofa) -
to tap (reserves) -
Do you miss the peseta?
Do you think the euro was a good idea?
Comments
agatha
I think that they’ve had a great idea in Mugardos. I don’t think that it is going to finish with the crisis there but, at least, it’s a different way to encourage to people buy things.
I have forgotten all about the value of the peseta. I had been in Spain for just a few months when we changed to the Euro.
If I converted prices into pounds, it was easier for me to go from pesetas to lira and then to pounds than to go straight from pesetas. The peseta to pound calculation was too complicated.
I don't MISS THE PESETA AT ALL. But when I CALCULATE SOME OF today's prices I get A shock about ITS value and the TIME OF THE PESETA seems to be very LONG AGO. It's like GOING back to my grandma's time, although she DID KNOW the euro.
Let's see how long I last this time.
I see the benefits of the Euro but I am pleased that the UK won't be joining.
It's incredible to think how much "extinct money" is out there. It would solve a lot of problems if all the money was collected.
.. it is going to PUT AN END TO the crisis.
How can you still support the Euro with all that is GOING ON now? It is CRUMBLING BEFORE OUR VERY EYES.
Without full political union, countries with such different economies cannot share the same currency. The UK was very WISE not to JOIN the train.
Spain has benefitted from membership of the EU but since GETTING RID OF the peseta, everything has got much more expensive.
But I do agree that it is HANDY when travelling.
For me it´s very easy to travel AROUND Europe without thinking you have to exchange money ALL THE TIME. It is HANDY. In ADDITION, AND this is the main reason for many people, THE EURO helps many countries to improve their economies.....