1 Peseta Alborea

Alborea is a small municipality in Albacete province, Castilla-La Mancha, and like hundreds of similarly sized Spanish towns it resorted to printing its own emergency fractional currency during the Civil War after the Republican government's peseta coinage disappeared from circulation almost immediately after July 1936. These municipal issues — collectively termed "billetes locales" — were tolerated rather than formally authorized, and their legal standing was always ambiguous.

The Consejo Municipal designation places this issue firmly in the Republican administrative structure, as Francoist zones retained traditional Ayuntamiento terminology. At 59 × 39 mm, this is among the smallest pieces of paper money produced anywhere in Europe during the conflict.