0.25 Pesetas Salas Altas

Salas Altas is a small village in the Huesca province of Aragon — during the Spanish Civil War, hundreds of collectivized communities across the Republican zone issued their own fractional paper currency when metallic coin effectively vanished from circulation. These local vales were a direct consequence of Republican monetary fragmentation after July 1936, with each colectividad printing or handstamping whatever it could manage on available material. The Gari Monedas catalog documents thousands of such pieces, most surviving in tiny quantities.

The thick card stock construction is typical of improvised village issues where standard banknote paper was simply unavailable.