1 Peseta Capellades

Capellades, a small paper-manufacturing town in the Anoia comarca of Catalonia, was an unusual place for currency production — yet entirely logical. During the Civil War, hundreds of Catalan municipalities issued their own moneda local after the Republican government's monetary system effectively fractured at the local level. The cardboard substrate used here almost certainly came from local stock; Capellades had been a center of artisanal paper production since the 18th century.

Turró 656 is among the commoner survivors of the Capellades series, though "common" in municipal Civil War issues means little — total print runs for most ajuntament emissions were measured in hundreds, not thousands.