Spaniards still holding on to almost 1.7bn worth of pesetas

About 864m in notes and 805m in coins have yet to be cashed in for euros, says Spain's central bank

Whether they are under the mattress or in the coffee jar, Spaniards are holding on to 1.7bn worth of pesetas, the currency that disappeared when the euro was introduced 12 years ago.

According to the Bank of Spain there are 864m (£683m) in notes and 805m in coins that have yet to be cashed in. Last year the bank exchanged 2.5bn pesetas for 15m, about 12m of it in notes and the rest in coins.

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