Peseta

Peseta
Pensum Castraedilice (Latin) Peseta Castadillano (Pelaxian) Peseitau Kastetien (Reform Tainean)
ISO 4217
Code	CTP
Denominations
Superunit
1	peso
10	duro
100	talego
1,000	kilo
Subunit
​1⁄100	centavo
​1⁄1000	millavo This is so small that it is only ever minted for proof sets and collectables
Symbol	₱ or Ps
centavo	¢
millavo	₥
Banknotes
Freq. used	₱1, ₱5, ₽10, ₱20, ₱50
Rarely used	₱100, ₱1,000
Coins
Freq. used	5¢, 10¢, 25¢, ₱1, ₱2
Rarely used	1₥, 2₥, 5₥, 10₥, 25₥, 50₥ (collectables only), 1¢, 50¢, ₽5 (still in circulation)
Demographics
Date of introduction	21 May 1977
User(s)	Castadilla
Issuance
Central bank	Bank of Castadilla
Printer	Bank of Castadilla
Mint	Imperial Vallosi Mint

The peseta (Latin: pensa; Reform Tainean: peseitau; sign: ₱; code: CTP) is the currency of Castadilla and the preceding Delepasian Commonwealth since 1976. The modern peseta currency has its origins in the Latin realms of Vallos where their currencies were dubbed pensum, which is currently used as the official name of the peseta.

The current ISO 4217 code for the peseta is CTP; prior to the Velvet Revolution, the code DEP was used. The peseta's main unit is the peso, which is divided into 100 centavos (Latin: centesismo; Reform Tainean: centimes), which in turn is divided into 100 millavos (Latin: millesismo; Reform Tainean: millimes); the latter, however, is only ever seen in proof sets and as collectors' items instead of regular circulation. As of 7 July 2032, the peseta's exchange rate was ₱56.76 per Taler, ₱57.33 per Aureus, and ₱53.55 per Saar.

Overview

Decimal units

Ever since independence from Pelaxia in the 1850s, the states that would one day become Castadilla opted for a decimal system of units to go with the unit peso, as follows: the millavo, one-thousandth of a peso; the centavo, one-hundredth of a peso; the décimo, one-tenth of a peso; and the duro, ten pesos. The current relevance of these units are as follows:

• Only the centavo (¢) sees everyday use as the division of the peso.
• The decimo is currently the name of the 10-centavo piece.
• The millavo (₥) is relatively unknown in current use, asides from avid coin collectors. Historically, the millavo was used in matters of sales taxes and gasoline prices up until the 1980s.
• The duro is colloquially used by the general public to refer to any amounts of peseta coinage that adds up to ten pesos.

When currently issued in circulation, denominations less than or equal to five pesos are emitted as coins, while denominations greater than or equal to a peso are emitted as banknotes, disregarding bullion or commemorative gold, silver, platinum, and paladium coins valued up to ₽100 or higher.

Etymology

The name was derived from the term pensum, a Latin word meaning "weight" that was originally used in reference to the amount of wool a slave was given to spin for the day. This would soon find use as the name of the currencies of the various Latin realms on Vallos by the time of Pelaxian colonisation. The Pelaxian settlers, now known as Delepasians, would wind up deriving two words from the word pensum, those being peso, used to refer to the main unit of coinage, and peseta, used to refer to the coinage in general, coming from the plural pensa.

Peseta sign

Main article: Peseta sign

The symbol ₱, usually written before the numerical amount, is used for the peseta. The sign was the result of an evolution of the scribal abbreviation p^s for the peso. The p and the s eventually came to be written over each other giving rise to ₱.

Another popular explanation is that it is derived from Pelaxia and Sarpedon, respectively the name of Castadilla's colonial power and home continent. This theory suggests that the peseta sign was formed from the capital letters P and S written or printed one on top of the other, with the S soon becoming a dash - in order to save time, thus birthing the ₱ symbol.

Coins

Castadillaan peseta coins

Series 2026

Current peseta coins

Obverse	Reverse	Value	Color	Obverse motif	Reverse motif	Current series or withdrawal date
		1 centavo	Copper	Maximilian I	Fasces	2026 series (Current)
		5 centavos	Silver		Emblem of Castadilla	2026 series (Current)
		10 centavos	Silver		Two ara macao in flight	2026 series (Current)
		25 centavos	Silver		Caretta caretta	2026 series (Current)
		50 centavos	Silver		Juana-Maria	2026 series (Current)
		1 peso	Gold, silver		Lesser Imperial Coat of Arms	2026 series (Current)
		2 pesos	Silver, gold		Flower of the Revolution	2026 series (Current)
		5 pesos	Gold		Imperial Crown of Castadilla	2026 series (Current)