1 Peseta Alcorisa

Alcorisa is a small municipality in Teruel, Aragon — one of hundreds of Spanish towns that issued its own emergency paper money during the Civil War after the Republican government's decree of 1937 authorizing local entities to produce low-denomination scrip to cover the chronic shortage of coin. The Alianza Republicana de Alcorisa was one such issuing body, functioning more as a local political-civic authority than a conventional financial institution.

These hyper-local Republican issues from rural Teruel are among the more difficult to source today. The province changed hands during heavy fighting in 1937–38, and much of the locally produced scrip was either destroyed or simply lost in the disruption.