0.50 Peseta Sarrià de Ter

Sarrià de Ter is a small municipality on the outskirts of Girona, and like hundreds of Catalan towns during the Civil War, it issued its own fractional currency after the Republican government's decree of May 1937 authorized local councils to print emergency small change. The collapse of metallic coin circulation — partly hoarding, partly melting for the war effort — left markets unable to function at the most basic level. These municipal notes filled that gap.

Printed by Indústries Litogràfiques just a few kilometers away in Girona, the production quality is noticeably better than many comparable rural issues. The half-peseta denomination was the most practical unit for daily market transactions, which is why surviving examples tend to show heavier wear than the one-peseta issues from the same series.