1 Peseta Benquerencia

Benquerencia is a small municipality in Extremadura, and like hundreds of similarly sized Spanish towns, it was forced into improvised local currency during the Civil War when the Republic's central coin supply collapsed in 1936–37. The hoarding of metal coinage — driven partly by panic, partly by silver's intrinsic value — left rural communities functionally unable to conduct small transactions. Municipal councils across the country responded by issuing their own paper or cardboard fractional notes, and this 1 Peseta is one of those emergency instruments.

The Garriges-Moncardini reference (Gari Mon#322-A) confirms it within the broader catalog of Spanish Civil War local issues, a field where survival rates vary wildly — some village issues exist in quantities of fewer than ten known examples.