1 Peseta Alcampel

Alcampel is a small municipality in the Huesca province of Aragon, and like hundreds of similar villages across Republican Spain in 1936–37, its local agricultural syndicate issued emergency small-change notes when the Civil War caused metallic coinage to vanish from circulation almost overnight. The Sindicato Agrícola — a farmers' cooperative structure common under the agrarian reform policies of the Second Republic — stepped into the vacuum that the central banking system simply could not fill at the village level.

The handstamp security feature is characteristic of these hyper-local emissions: authentication by rubber stamp rather than anything more sophisticated was the practical reality for a small rural syndicate with no access to specialist printing. Forgery risk was low when the note only circulated among a few hundred people who knew each other.