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1 Peseta Alfaz del Pi

Issuer Consejo Municipal de Alfaz del Pi
Year 1937
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Currency Peseta (1936-1939)
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Obverse description Letterpress-printed in black ink on cream paper within a decorative border of scrollwork with asterisk ornaments at the corners. The municipal coat of arms — a crowned figure above a castle flanked by two columns — occupies the centre, overstruck by a large circular red official stamp of the Consejo Municipal. Printed signatures of the President (F. Muñoz) and the Depositary (J. Albiñana) appear in the lower portion flanking the central vignette.
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Reverse description Unprinted plain cream paper reverse, consistent with the austere production methods of locally issued Spanish Civil War municipal emergency currency, where scarce resources precluded any reverse design or text.
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Alfaz del Pi is a small coastal municipality in the Alicante province, and like hundreds of Valencian towns during the Civil War, its local council was forced to print emergency fractional currency after the Republic's silver and copper coinage vanished from circulation almost entirely by mid-1936 — hoarded, melted, or simply absent in rural and semi-rural areas that the central banking system could no longer reliably serve.

The Gari Mon reference places this among the rarer documented variants of the Alfaz del Pi emission. The depositary signature of J. Albiñana, alongside the municipal president F. Muñoz, follows the dual-authorization convention that most Valencian consejos adopted to give these notes at least a formal administrative legitimacy within their own communities.

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