0.25 Pesetas Cuevas del Campo

Cuevas del Campo is a small municipality in Granada province, and like hundreds of Spanish towns it resorted to printing its own fractional emergency notes during the Civil War after the Republic's small-denomination coinage effectively vanished from circulation in 1936–37. These hyper-local emissions — often produced by the town's own administrative staff on whatever paper was available — were legal only within the issuing municipality and were theoretically redeemable once normal currency returned.

The official stamp serving as the primary security device is characteristic of the period: an ink impression from the ayuntamiento's rubber or metal seal, applied by hand. Forgery was barely a concern at this scale — the real problem was refusal, not counterfeiting.