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Currency. The Euro is the official currency of Spain. The Euro was launched in two stages. First, in January 1999, to became the new official currency of 11 EU Member States, replacing the old national currencies -- such as the Spanish Peseta. It was introduced in the virtual form for bank transactions. The second stage, in January 2002, was when the Euro officially appeared in circulation.
Now a days the currency of Spain, along with another seventeen countries in Europe, is the Euro.urrency in Madrid and Barcelona. Despite the fact the Catalonia is trying to become an independent nation, it still using the same currency. There is not any parallel currency in Spain, even Andorra and Montenegro two countries outside Eurozone use Euro as their currency.