0.50 Pesetas Lloriana de Ter

Lloriana de Ter was a tiny municipality in Girona province, and like hundreds of Catalan and Spanish towns during the Civil War, its local council stepped in to plug the coin shortage created when silver and copper were hoarded or melted down. These emergency municipal issues — known collectively as paper moneda local — were often produced on whatever card stock was available, sometimes at local print shops with no banknote experience whatsoever. Turró catalogued over two thousand such issues; number 1383 is not among the rarer entries, but surviving examples in decent condition are harder to find than the catalog number suggests, simply because the paper was cheap and the notes circulated hard in a small community with no replacements coming.