1 Peseta Campanario

Campanario is a small agricultural municipality in Extremadura, and like hundreds of similar towns across Republican Spain, it issued its own fractional currency during 1936–37 when the Civil War caused coinage to vanish almost entirely from circulation — hoarded, melted, or simply absent in a collapsing economy. These municipal emergency notes, collectively known as billetes locales, were produced under no central authority and with wildly varying quality. The issuing councils were legally improvising.

The Garrió Montalvo catalogue reference being unassigned suggests this specific Campanario piece either post-dates the catalogue's coverage or remains insufficiently documented — not unusual for Badajoz province emissions, which are among the least systematically recorded of the Extremaduran series.