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500 Pesetas

Issuer Banco de España
Year 1979
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In circulation to 2002
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Obverse lettering 500 / 500 BANCO DE ESPAÑA QUINIENTAS pesetas MADRID 23 DE OCTUBRE DE 1979 EL GOBERNADOR / EL INTERVENTOR / EL CAJERO (Signatures of José Ramón Álvarez Rendueles, Miguel Palazuelo García and Jesús Urdiola Salvador)
(Translation: Bank of Spain Five hundred Pesetas Madrid October 23, 1979 The Governor / The Auditor / The Cashier (Signatures of José Ramón Álvarez Rendueles, Miguel Palazuelo García and Jesús Urdiola Salvador))
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Reverse lettering 500 / 500 BANCO DE ESPAÑA QUINIENTAS pesetas "Non Follas novas, ramallo de toxos e silvas sôs, hirtas, com´as miñas penas, feras, com´á miña dor".
(Translation: Bank of Spain Five hundred pesetas No, new leaves, bouquet of gorse and brambles you are, barren as my sorrows, fierce as my pain.)
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The 1979 series marked one of the Banco de España's first substantial redesigns following the transition to democracy, and the 500 pesetas denomination carried particular political weight during that period — the choice of imagery was scrutinized precisely because Franco-era iconography was still being purged from circulation. The FNMT engravers Sampedro Molero and Sánchez Gutiérrez worked on separate faces, a division of labor common to Madrid-produced notes of this run.

Three signatures appear on P#157, reflecting the bank's collegiate governance structure at the time. Álvarez Rendueles served as Governor from 1979 to 1984.