0.25 Pesetas Olèstria

Olèstria is the Catalan name for Olestre, a small municipality in the comarca of Pla d'Urgell, Lleida. This quarter-peseta note is one of thousands of emergency fractional issues produced by Catalan and Valencian municipalities during the Spanish Civil War, when Republican-zone coin shortages became so severe that local councils, cooperatives, and even individual businesses were authorized — or simply took it upon themselves — to print their own scrip. The Generalitat de Catalunya issued framework legislation in 1937 attempting to regulate the chaos, but by then hundreds of issues were already circulating.

Turró's catalog remains the primary reference for these local issues, and low serial numbers or single-municipality printings like this one frequently survive in very small quantities.