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1 Peseta Belalcázar

Issuer Consejo Municipal de Belalcázar
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Size 67 × 49 mm
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Obverse lettering CONSEJO MUNICIPAL DE BELALCAZAR VALE a favor del portador por UNA peseta El Interventor, El Depositario,
(Translation: Municipal Council of Belalcázar Voucher in favor of the bearer for One Peseta The Controller, The Depositary,)
Reverse description Reverse entirely unprinted, presenting a plain cream card surface with no typographic or decorative elements; minor handwritten pencil notations appear to have been added post-issue by a collector.
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Belalcázar is a small municipality in the province of Córdoba, Andalusia, and this note belongs to the vast proliferation of locally issued emergency fractional currency that flooded Spain during the Civil War after the Republic's decree of June 1937 authorized town councils to produce their own small-denomination scrip. The chronic shortage of coins — silver had been hoarded and copper coinage was simply not circulating — forced even villages with minimal administrative capacity to print or stamp their own.

Gari Mon #254-C suggests at least variant classification within the Belalcázar municipal series, indicating more than one type was produced. Local Spanish Civil War issues on thick card stock often survive in surprisingly decent condition precisely because they circulated only within a single town and for a very short time.