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Monday 13 February 2012

Spanish village goes back to peseta: Residents turn to old money they'd held on to in case the euro folded

A desperate Spanish village has turned back time and reintroduced the peseta in a bid to kick-start its ailing local economy.

Residents in Villamayor de Santiago, 80 miles south-east of Madrid, initially held onto the old money for fear the euro would fold.

In recent months their prediction, made when their national currency was phased out ten years ago, has inched closer to coming true.        Read Here

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