1 Peseta Albanchez de Úbeda

Albanchez de Úbeda is a small municipality in Jaén province, Andalusia, and like hundreds of similarly sized Spanish towns, its municipal council issued emergency fractional paper currency during the Civil War after the Republican government's decree of 1936 authorized local bodies to fill the coin vacuum created by silver hoarding and metal requisitions. These hyper-local emissions were typically produced on whatever printing resources were at hand — often a local press, sometimes hand-stamped card stock — and circulated only within the issuing municipality.

The survival rate for issues from villages of this size is genuinely low. Many were never formally redeemed and were simply discarded when the war ended.