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Meaning of maravedís by Felipe Lorenzo del Río





Felipe Lorenzo del Río

maravedís
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Plural of maravedi, former Spanish currency used since the 12th century, created by the King Alfonso VIII of Castile in the likeness of the Almoravid dinar, until the 19th century that was replaced by the cents of real in the reign of Isabel II. Was it coined first in gold and silver, at the time of the Catholic Monarchs in fleece ( a mix of copper and silver ) and then in copper. The most accepted etymology makes it come from the Arabic murabiti ( 41 almoravide; while the Almoravid dinar porviene from the Latin denarius denarii. According to some estimates, a Maravedí of the times of the Catholic Kings, 1480, it would be worth about 15 or 16 euros today and at the time of Felipe II, 1580, it would have devalued to EUR 0,1875.

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