0.50 Pesetas Pobla de Segur

Pobla de Segur is a small town in the Pallars Jussà comarca of inland Catalonia, and this note is a product of the extraordinary proliferation of local emergency currency that swept Republican-held territory during the Spanish Civil War. With the banking system disrupted and small coinage effectively vanished from circulation, hundreds of Catalan municipalities — including tiny ones like this — issued their own paper fractional currency under emergency authority. The Generalitat eventually tried to rein in the practice, but local juntes continued well into 1938.

Turró catalogues over two thousand such emissions, which gives some sense of how saturated the field is — yet individual issues from small highland towns remain genuinely difficult to source.