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1 Peseta Balones

Issuer Consejo Municipal de Balones
Year 1937
Type Emergency banknote
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Obverse description Typeset letterpress note printed entirely in red on a uniform dotted underprint ground. The issuer name 'Consejo Municipal de Balones' appears in bold display type across the upper portion, underlined by a dotted rule and accompanied by a small solid red lozenge to the right. Below, a redemption pledge text is set in lighter type, with a hand-stamped serial number in black and the denomination 'Una peseta' in bold red at the lower right, preceded by a decorative wavy flourish.
Obverse lettering Consejo Municipal de Balones La Depositaría de este Consejo, reintegrará al portador Una peseta
(Translation: Municipal Council of Balones The Depository of this Council, will reimburse the bearer One Peseta)
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Comments

Balones is a tiny municipality in the comarca of El Comtat, Alicante — a village with a population that likely never exceeded a few hundred during the Republic. Like dozens of similarly small Valencian communities, its municipal council issued emergency paper fractional currency in 1937 when the Civil War had driven coinage almost entirely out of circulation. The Republican government had authorized local bodies to fill the gap, and they did so with whatever printing resources were at hand.

The result was notes of wildly varying quality. Balones examples are among the more rudimentary survivors of the series — thin production values, minimal security features, and inherently fragile paper that degrades readily at the folds.

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