1 Peseta Ascó

Ascó is a small municipality in Tarragona province, and like hundreds of Catalan and Aragonese towns during the Civil War, its local council issued emergency fractional currency when Republican-zone coinage effectively disappeared from circulation — hoarded, melted, or simply never minted in sufficient quantity. These municipal emissions were authorised under a patchwork of decrees from the Generalitat de Catalunya and, later, increasingly challenged by the central Republican government in Valencia, which wanted to claw back monetary control from the localities.

The official stamp is the only security measure — which tells you everything about how improvised and trust-based these instruments were. Turró catalogued over a thousand such emissions; Ascó's is among the more obscure.