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The short answer - about 89 US cents as of late April 2011.

The longer answer - "El Banco de Espana" means "The Bank of Spain" and refers to that nation's central bank. "Cien Pesetas" means 100 pesetas. The peseta is no longer legal tender in Spain, having been replaced by the Euro as of January 1, 2002, at a rate of 1 Euro = 166.382 pesetas. However, all Peseta bills issued after 1939, as well as some coins, remain exchangable into Euros at branches of the Bank of Spain (you can send them by registered mail if you are outside the country). 100 Pesetas exchanges to about 60 Euro Cents, which equates (as of late April 2011) to about 89 US Cents, so its not likely to be worth the expense to mail it in.

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Q: What is the value of a el banco de espana cien pesetas Madrid 100 dollar bill be?
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