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Values / World Currency / Spain / Banco Español de San Fernando

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The Banco Español de San Fernando series of Spain in the World Currency contains 29 distinct entries. In 1829, the Spanish government and the Banco Nacional de San Carlos reached an agreement whereby the bank waived the sum of almost 310 million reales owed by the

The Banco Español de San Fernando series of Spain in the World Currency contains 29 distinct entries.

In 1829, the Spanish government and the Banco Nacional de San Carlos reached an agreement whereby the bank waived the sum of almost 310 million reales owed by the government in exchange for giving its shareholders 40 million reales in shares of the Banco Español de San Fernando (Spanish Bank of Saint Ferdinand, ESF), a new bank created by the royal warrant of King Fernando VII on 9 July 1829. This institution was founded with the task of financing the government, and as a bank of issue (a privilege it held exclusively until 1844) for the capital, Madrid.

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