0.50 Pesetas Nalec

Nalec is a tiny municipality in the comarca of L'Urgell, Catalonia — population in the hundreds even today. During the Spanish Civil War, the breakdown of conventional monetary supply forced hundreds of Catalan towns and villages to print their own emergency fractional currency, known collectively as guerra civil local issues. The Generalitat de Catalunya had authorized municipalities to do so from 1936 onward, partly to address the chronic shortage of small-denomination Republican coinage that had been hoarded or melted almost immediately after the war began.

Turró's catalog documents over two thousand such issues, and Nalec's single known type is among the more obscure entries — a printing run almost certainly numbered in the hundreds rather than thousands.