1 Peseta Camarillas

Camarillas is a village in the Teruel province of Aragon that, like hundreds of similarly small Spanish municipalities, resorted to issuing its own emergency paper scrip during the Civil War after the Republic's central government failed to keep small-denomination coinage in circulation. The chronic shortage of fractional coin after 1936 pushed local councils — consejos municipales — to print or stamp their own notes, often on whatever paper was available, authenticated by nothing more than an ink handstamp and a councillor's signature.

These hyper-local emissions were technically illegal under Republican monetary regulations but were tolerated out of necessity. Most circulated only within the issuing village and were redeemed — or simply abandoned — within months.