1 Peseta Banyoles

Banyoles issued its own emergency fractional currency in 1937 under the authority of the Catalan regional government's decree permitting municipalities to produce small-denomination paper money to address a severe shortage of metallic coin. The shortage was partly a consequence of silver and copper being hoarded or diverted toward the war effort following the July 1936 uprising.

These local issues, known as "moneda municipal" or more colloquially as "moneda de guerra," were technically only valid within the issuing municipality's territory. Banyoles, a small lakeside town in the Girona province, produced a tight series; Turró catalogues relatively few notes from this issuer, making any example from the series harder to source than those from larger Catalan towns.