1 Peseta Cogul

Cogul is a tiny municipality in the Les Garrigues comarca of Lleida, Catalonia — population measured in the hundreds even in its best decades. This note was issued under the emergency local currency system that proliferated across Republican-controlled Spain during the Civil War, when the collapse of normal coin supply forced municipalities, trade unions, and cooperatives to print their own fractional paper. Hundreds of Catalan towns did the same between 1936 and 1939, and Turró catalogued them systematically.

The municipal stamp is the only security measure — entirely symbolic at that scale of community, where everyone knew everyone.