1 Peseta Baños

During the Spanish Civil War, municipalities throughout the Republican zone issued their own emergency small-change notes — moneda local — to compensate for the hoarding and disappearance of metallic coinage. Baños, a small municipality in Cáceres province, was among hundreds of ayuntamientos forced into this makeshift monetary role by 1936–1937. These locally issued pieces were rarely printed in large quantities, and survival rates are poor: the paper was thin in authority and often thinner in quality, and many were simply discarded once the emergency passed.

The Gari Mon reference remains unassigned, which typically indicates the piece has not yet been fully catalogued — or that surviving examples are too few for confident attribution.