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| 正面描述 | Printed entirely in dark brown on cream card stock, the face carries a plain rectangular inner border set within a dotted-square perimeter frame that runs close to the rounded edges of the note. All text is letterpress-set in a hierarchy of typefaces: the issuer name 'El Consejo Municipal' appears in large bold serif letters across the upper portion, followed by 'DE CERDÁ' and the promise-to-pay clause 'PAGARÁ AL PORTADOR' in smaller capitals, with the denomination '0'50 Ptas.' rendered in the largest bold type at the foot of the central panel. |
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| 正面铭文 | El Consejo Municipal DE CERDÁ PAGARÁ AL PORTADOR 0'50 Ptas. (Translation: The Municipal Council of Cerdá Will pay the bearer 0.50 Pesetas) |
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Cerdá is a small municipality in Valencia province, and like hundreds of Valencian towns during the Civil War, its local council issued emergency fractional currency in 1937 to address the chronic shortage of small coinage — silver and copper had both vanished from circulation almost immediately after July 1936. These municipal emissions were technically illegal under Republican monetary law but were tolerated out of necessity.
The Gari Monerris catalogue remains the primary reference for these Valencian locals, and the 517-A designation places this among the documented variants. Many comparable issues from similar-sized villages survive only in tiny quantities.