0.25 Peseta Estopiñán

Estopiñán, a small municipality in the Huesca province of Aragon, issued fractional paper currency during the Spanish Civil War under the same emergency conditions that produced thousands of locally printed notes across Republican-held Spain between 1936 and 1939. The central government's inability to maintain adequate small-denomination coinage in circulation forced municipalities, cooperatives, and even individual businesses to print their own emergency scrip. Most of these issues had no backing whatsoever beyond local political authority and community trust.

Survival rates for village-level Aragonese issues are extremely uneven. Many were redeemed and destroyed; others simply disappeared with the communities that issued them.