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0.50 Pesetas La Garganta

Issuer La Garganta, Municipality of
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Value 50 Centimos (0.50 ESP)
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Obverse description Utilitarian letterpress issue on plain light grey card stock, printed entirely in black. The heading 'Frente Popular La Garganta' is set in bold serif capitals at the top, underlined. Below, the bearer clause 'Vale al portador' precedes the large numeral denomination '0'50' with the abbreviation 'Ptas.' to its right. Two manuscript signatures appear at the foot of the note, representing the offices of El Presidente and El Cajero.
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Reverse description Completely plain reverse, left unprinted, consistent with the austere utilitarian production standards typical of Spanish Civil War-era municipal emergency currency issues.
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La Garganta is a small municipality in the comarca of Ambroz, Cáceres province, Extremadura. Like hundreds of Spanish towns during the Civil War, it issued its own fractional paper currency in 1936–37 when coins vanished from circulation entirely — hoarded, melted, or simply gone. These local emergency issues, collectively catalogued under the broader "Guerra Civil" municipal series, were produced without central authority and vary wildly in printing quality and paper stock.

The thick card stock used here was a common workaround when proper banknote paper was unavailable. Many of these hyper-local issues survived only in tiny quantities, often because the issuing municipality was too small to ever fully redeem them.