Sahrawi peseta

Sahrawi peseta
  • البيزيتا الصحراوي (Arabic)
  • Peseta saharaui (Spanish)
ISO 4217
CodeNone
(EHP is used in commerce)
Unit
Symbol‎ (rare, see Spanish peseta)
Ptas.
Denominations
Subunit
1100céntimo
Coins1, 2, 5, 10, 50, 100, 200, 500 pesetas
Demographics
User(s)Western Sahara Sahrawi Arab Democratic Republic
Issuance
Central bankPolisario Front
Valuation
Pegged withEuro (166.386 pesetas = €1)

The Sahrawi peseta (Arabic: البيزيتا الصحراوي, Spanish: Peseta saharaui) is the de jure currency of the partially recognized Sahrawi Arab Democratic Republic. It is divided in 100 céntimos, although coins with this denomination have never been minted, nor have banknotes been printed.

The first Sahrawi pesetas were minted in 1990,[1] but they were not adopted as the national coin of Western Sahara until 1997. As this territory is mostly controlled by Morocco, the circulating currency in that part of the country is the Moroccan dirham, with Algerian dinars and Mauritanian ouguiyas circulating alongside the Sahrawi peseta in the Sahrawi refugee camps and the SADR-controlled part of Western Sahara.

As it is not an official currency and not circulating, the exchange rate is not realistic. Despite this, the Sahrawi peseta was pegged at par to the Spanish peseta[1] and, when the latter was phased out for the euro, the rate became €1 for 166.386 Pts.

  1. ^ a b Cite error: The named reference San Martín was invoked but never defined (see the help page).