0.50 Pesetas Allepuz

Allepuz is a village in the Teruel province of Aragón — population in the hundreds even at its peak — yet like hundreds of other Spanish municipalities, it issued its own fractional paper currency during the Civil War years of 1936–1939. The collapse of small-denomination coinage in circulation forced town councils across Republican-held territory to print emergency notes locally, with no standardization in design, security, or paper stock. Consejo Municipal issues from villages this small were often handwritten or rubber-stamped affairs, produced in tiny quantities and rarely surviving in any number.