0.25 Pesetas Moratalla

发行方	Moratalla, Municipality of
年份	1937
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货币	Peseta (1936-1939)
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正面描述	Plain cream paper with red letterpress printing throughout; the coat of arms of the Spanish Republic appears to the left, flanked by the issuing authority's text and denomination statement. A geometric double-rule border frames the entire face, with the denomination and place of issue rendered in bold block lettering.
正面铭文	EL CONSEJO MUNICIPAL de MORATALLA (Murcia) Pagará al portador 0`25 pesetas Moratalla, Agosto 1937 (Translation: The Municipal Council of Moratalla (Murcia) Will pay the bearer 0.25 Pesetas Moratalla, August 1937)
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备注	Moratalla is a small municipality in the Murcia region, and like hundreds of Spanish towns during the Civil War, it issued its own fractional paper currency in 1937 when coin shortages made everyday transactions nearly impossible. The Republican government had lost control of the metal supply, and local councils stepped in with emergency scrip — some printed professionally, many produced on whatever press happened to be available. The validation stamp is the only security measure, which was typical of these municipal emissions and did little to prevent counterfeiting in practice. Gari's catalogue documents thousands of such issues; the survival rate varies wildly by town, and smaller Murcian municipalities are often underrepresented in collections outside Spain.

0.25 Pesetas Moratalla

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