1 Peseta Aigüesbones de Montbui

Aigüesbones de Montbui — now Santa Margarida de Montbui, in the Anoia comarca west of Barcelona — issued this cardboard peseta in 1937 under the wartime emergency decree that authorized Catalan municipalities to produce their own fractional currency. The Republican government had authorized local vales to address the acute coin shortage caused by hoarding and wartime disruption to the Mint's output.

The embossed stamp is the only security measure, which was typical of the smaller Catalan municipal issues catalogued by Turró — councils used whatever means were immediately available. Forgery of low-denomination local scrip was rarely worth the effort.