The peseta (peceta in Catalan) was a unit of currency in Catalonia until 1850, when the whole of Spain decimalized. It was also a name used throughout Spain for an amount of 4 reales de vellón. It was coined in Barcelona in gold and silver from 1808 until 1814, under the Napoleonic government.
In Catalonia, the peseta was subdivided into 6 sous, each of 4 quarts (also spelled cuartos in Spanish), 8 xavos or 12 diners. Five pesetas were equal to one duro, which was itself equal to the Spanish 8 reales de plata fuerte (Spanish dollar). In the new, decimal currency, the peseta was worth 4 reales.
The name of the currency comes from the catalan diminutive form of the word peça (piece) synonym of coin.
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