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0.50 Pesetas Les Bordes

Issuer Ajuntament de Les Bordes (Municipality of Es Bòrdes)
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Size 70 × 40 mm
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Obverse description Letterpress-printed note in black ink on plain paper, enclosed within a decorative border of repeating foliate and trefoil ornaments with small open squares at each corner. The issuer name AJUNTAMENT DE LES BORDES appears along the top, with the large denomination numeral 0'50 pts. centred in bold type. Below, a italic-script legend states the mandatory local circulation clause.
Obverse lettering AJUNTAMENT DE LES BORDES VAL DE 0`50 pts. De circulació obligatòria dins el terme municipal
(Translation: City Council of Les Bordes Voucher of 0.50 Pesetas Of mandatory circulation in the municipality)
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Es Bòrdes is a tiny Pyrenean municipality in the Val d'Aran — Occitan-speaking, historically administered through Aranese rather than Castilian institutions. During the Spanish Civil War, hundreds of Catalan and Aragonese municipalities issued their own fractional paper currency under emergency decree when the Republic's small coinage effectively vanished from circulation, hoarded the moment stability collapsed. This note is one of those emissions. The printer, Imprenta Escolar in the nearby town of Les, supplied several Val d'Aran municipalities with similar emergency issues, which gives the series a regional coherence unusual among the chaotic local currency output of 1936–1938.

The sole security feature is an official municipal stamp — the only thing standing between this and a forgery a child could produce.

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