VOICED: Spanish village cashes in, bringing back peseta

The video discusses the resurgence of the peseta in Salvatera, Spain, where shopkeepers accept old currency to boost sales amid an economic slump. Carmen uses her saved pesetas for Christmas gifts, reflecting a broader sentiment among Spaniards who view the euro as harmful. The Bank of Spain remains the only institution converting pesetas to euros, aiding local economies. Shops adapt by accepting mixed currencies, and the initiative draws shoppers from afar, despite economic concerns about the eurozone crisis.

What is the main reason shopkeepers in Salvatera are accepting pesetas again?

• To celebrate a historical event

• To boost sales during an economic slump

• To attract tourists from Portugal

• To support a local charity

How much is a coffee priced at in euros, according to the transcript?

• €1.00

• €2.00

• €0.50

• €1.50

What is the approximate value of pesetas still held by Spaniards?

• €1.7 million

• €17 million

• €170 million

• €1.7 billion

What feeling do people experience when using their old pesetas?

• A sense of spending money for free

• Excitement about new purchases

• Concern about the currency's value

• Regret for not using them earlier

What is a potential concern economists have about the return of the peseta?

• It will increase unemployment

• It may cause a banking crisis

• It could undermine the euro

• It might lead to inflation