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1 Peseta
| Issuer | Ministerio de Hacienda, República Española |
|---|---|
| Year | 1937 |
| Type | Standard circulation banknote |
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| Obverse description | Brown intaglio print over a green guilloche underprint, with black serial number. A vignette of the Winged Victory of Samothrace is positioned at left, while the coat of arms of the Spanish Republic appears at right. The field is filled with geometric and floral guilloche patterns, with the denomination and issuing authority legends arranged across the face. |
|---|---|
| Obverse lettering | 1 pta. REPÚBLICA ESPAÑOLA MINISTERIO DE HACIENDA CERTIFICADO PROVISIONAL DE MONEDA DIVISIONARIA VNA PESETA EMISIÓN 1937 EL DR. GRAL. DEL TESORO Y DE SEGUROS EL INTERVENTOR GRAL. DE LA ADMÓN. DEL ESTADO Fca. Nl. de Moneda y Timbre (Translation: 1 Peseta Spanish Republic Ministry of Finance Provisional Certificate of Divisionary Currency One Peseta Issue 1937 The General Director of the Treasury and Insurance The General Comptroller of the State Administration) |
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| Comments |
The Ministerio de Hacienda, rather than the Banco de España, issued this note because by 1937 the Republic had largely lost control of its banking infrastructure to the pressures of civil war. Small-denomination fractional currency fell under treasury authority as a practical workaround — coins had effectively disappeared from circulation, hoarded or melted, and the Republic needed something to fill the gap below the 5 pesetas threshold.
The FNMT continued operating in Madrid through the siege, an increasingly difficult circumstance that affected paper supply and print consistency across the series. Surviving examples vary noticeably in impression quality for exactly that reason.