1 Peseta Caudete

Caudete is a small municipality in the province of Albacete, Castilla–La Mancha, and like hundreds of Spanish towns it resorted to issuing its own emergency paper fractional currency during the Civil War after the Republic's coinage effectively vanished from circulation by 1936–37. These local emissions — collectively known as moneda local or billetes de necesidad — were produced under minimal oversight, often by local print shops with whatever materials were at hand, and the quality varies dramatically even within a single series.

Gari's catalog remains the primary reference for these municipal emissions, and the relatively high number assigned suggests Caudete's issue is one of the less-documented specimens in the broader Albacete regional grouping.