1 Peseta Bellaguarda

Bellaguarda is a small municipality in the Garrigues comarca of Lleida, and like hundreds of Catalan and Valencian villages during the Civil War, it issued its own fractional currency in 1937 when the Republic's small-denomination coinage effectively disappeared from circulation — hoarded, melted, or simply absent. The legal basis was a decree from the Generalitat de Catalunya authorizing local bodies to issue notes of 25 céntimos, 50 céntimos, and 1 peseta to fill the gap.

Imprenta Sugrañes in Tarragona handled production for numerous such municipal issues across the province, which is why notes from entirely different towns sometimes share typefaces, border stock, or layout conventions.