1 Peseta Alqueria de les Milicies

One of hundreds of municipal emergency notes printed across the Republican zone during the Spanish Civil War, when the Generalitat de Catalunya authorized local councils to issue small-denomination paper to cover the catastrophic shortage of coin in circulation. Alqueria de les Milicies — a small coastal municipality in the Valencia region — produced this note under that framework in 1937, the same year the broader Republican monetary situation began deteriorating beyond local remedies.

At under 60mm across, these council issues were among the smallest paper money produced in Europe during the conflict. The Turró and Garí catalogues remain the definitive references for the Valencian series.