The Spanish town of Mugardos has started to accept pesetas again in a bid to revive the region's economy, according to the BBC.
This isn't a full blown currency switch, however, with shops accepting both the euro and the peseta.
The idea is that many Spaniards still have pesetas lying around, unused, that they would rather spend then go to the bank and turn in. And, according to the BBC, people from outside Mugardos are traveling their to spend their pesetas, boosting the region's economy.
(CNN) – Ten years after the Spanish currency, the peseta, was phased out, a rural town in Spain has revolted. Against the backdrop of the ailing euro, about 30 shops in Villamayor de Santiago last month began accepting the old curre... Read Post
The BBC News is reporting that 60 shops in Mugardos (“a small fishing town in Galicia on Spain's northern coast”) are again accepting the peseta for all purchases alongside the Euro.Shopkeepers were sceptical at first, but they now ... Read Post
In Salvaterra De Mino, a small Spanish town near the Portuguese border, the Peseta is back. Yes, according to reports from AFP, the small Spanish municipality is allowing people from all over Spain to shop using Pesetas, the currenc... Read Post