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1 Peseta Castillo de Locubín

Issuer Consejo Municipal de Castillo de Locubín
Year
Type Emergency banknote
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Reverse description Plain unprinted paper with a hand-applied oval municipal rubber stamp in violet ink, centrally placed. The stamp bears a double elliptical border enclosing the legend around the periphery and a small heraldic device at the centre.
Reverse lettering COMISIÓN MUNICIPAL PERMA
CASTILLO DE LOCUBÍN (JAÉN)
(Translation: Permanent Municipal Commission / Castillo de Locubín (Jaén))
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Castillo de Locubín is a small municipality in Jaén province, Andalusia, and like hundreds of similar Spanish towns it issued its own emergency paper fractional currency during the Civil War — the result of a near-total collapse in coin availability after 1936, when silver and copper were hoarded or melted. The Consejo Municipal issues were purely local instruments, accepted only within the town's own commercial orbit and backed by nothing beyond whatever credibility the local council could muster.

These municipal vales from rural Andalusia survive in small quantities, partly because production runs were modest and partly because the Republican zone where Jaén sat was eventually overrun, disrupting any orderly redemption.