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1 Peseta Caldes de Montbui

Issuer Ajuntament de Caldes de Montbui
Year 1937
Type Emergency banknote
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Obverse description Hand-lettered emergency issue executed in a naive graphic style, with the denomination numeral '1' at left and the municipal coat of arms of Caldes de Montbui positioned at right. The text is arranged in manuscript fashion across the face of the note, typical of improvised Catalan Civil War-era emergency currency. A handwritten issue date and expiry clause appear within the body of the text.
Obverse lettering 1 Pta DIPOSITARIA MUNICIPAL pagarà al portador una pesseta Caldes de Montbui, 13 de Maig del 1937 caduca a l'any
(Translation: 1 Peseta Municipal Depositary will pay the bearer One Peseta Caldes de Montbui, May 13, 1937 expires in one year)
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Caldes de Montbui is a small spa town north of Barcelona, and like hundreds of Catalan municipalities during the Spanish Civil War, its local government issued emergency small-change notes — *moneda municipal* — to fill the vacuum left by hoarded metal coin. The Republican government in Madrid officially tolerated but never fully sanctioned this wave of local emissions; the notes had no standing beyond the issuing town's own boundaries.

Turró catalogues over a thousand such emissions from across Catalonia. Most were produced by local printers on whatever stock was available, which is why paper quality varies so dramatically within any given series. Few circulated for more than a year before the Nationalist advance rendered them worthless.

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