0.50 Peseta Cornudella de Montsant

Cornudella de Montsant is a small municipality in the Priorat comarca of Tarragona, and like hundreds of Catalan and Spanish towns it resorted to locally printed fractional paper during the Civil War after metallic coin essentially vanished from circulation in 1936. These municipal emergency issues — collectively known as "paper moneda local" — were authorized under a decree that effectively gave any municipality, cooperative, or collective the right to issue their own scrip. The result was thousands of distinct issues, most printed in runs so small that survival rates are low simply due to indifference rather than destruction.

Imp. Ferrando of Reus handled printing for numerous small Tarragona-area municipalities during this period.