0.50 Pesetas La Portellada

La Portellada is a village in the Matarranya district of Aragon — population measured in the hundreds even then — and like dozens of similarly small Republican municipalities during the Civil War, it issued its own fractional emergency currency when coinage vanished from circulation almost entirely after 1936. The Madrid government tacitly permitted this, unable to supply coin to every corner of the Republic.

The Gari Mon catalogue reference trails off without a number, suggesting either extreme rarity or incomplete documentation at time of cataloguing. At 56 × 36 mm on card stock, these local pieces were functionally tokens rather than notes.