1 Peseta Arens de LLedó

Arens de Lledó is a small municipality in the Matarraña comarca of Teruel, Aragón — and like hundreds of similarly tiny Spanish towns, it issued its own emergency paper money during the Civil War after the Republic's central authorities encouraged local councils to produce fractional currency to replace hoarded coins. The Consejo Municipal series from this village is among the most diminutive in the entire Gari Monteys corpus, which is saying something given how compact most local Spanish Civil War issues already are.

Survival rates for Matarraña comarca notes are low; the region changed hands and the administrative records of many issuing councils did not.