December 31, 2020 will be the last day on which pesetas can be exchanged for euros, as long as they are bills issued after 1939 and the coins were in circulation on January 1, 2002. However, the change of collection, commemorative and special coins.
How to make the change?
The steps to follow are those:
1. It must be done in person at the Bank of Spain. The change can be executed in any of the 15 branches that the Bank of Spain has, located in: Madrid, Alicante, Badajoz, Barcelona, Bilbao, La Coruña, Las Palmas, Málaga, Murcia, Oviedo, Palma de Mallorca, Seville , Tenerife, Valencia, Valladolid and Zaragoza.
2. Carry ID / Passport / Residence Card.
It can only be done remotely if the applicant is abroad. In that case, the Bank of Spain would exchange bills (not coins) through postal mail, which must be certified. To request the exchange, you must make a specific form that is available on the website of the Bank of Spain).