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1 Peseta Cúllar-Baza

Issuer Izquierda Republicana, Casa del Pueblo U.G.T. de Cúllar-Baza
Year 1937
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Value 1 Peseta (1 ESP)
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Obverse lettering 1 Pta. IZQUIERDA REPUBLICANA Casa el Pueblo U. G. T. de Cúllar-Baza (Granada) Oficios Varios pagará al portador en billetes de Banco la cantidad de UNA PESETA. Cúllar-Baza 23 Julio 1937
(Translation: 1 Peseta Republican Left Town House U. G. T. of Cúllar-Baza (Granada) Various Offices will pay the bearer in Bank notes the amount of One Peseta. Cullar-Baza July 23, 1937)
Reverse description Reverse is entirely blank, printed on plain unadorned paper with no inscriptions, vignettes, or ornamental elements.
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Cúllar-Baza is a small municipality in Granada province, and this note is one of hundreds of hyper-local emergency issues that flooded Republican-held Spain in 1936–37 when the central government's coin supply collapsed almost immediately after the war began. Small denominations disappeared from circulation as hoarding set in, forcing town committees, trade unions, and local Republican organizations to print their own fractional currency.

The dual issuing authority here is worth noting — Izquierda Republicana and the Casa del Pueblo's UGT chapter issuing jointly suggests a negotiated local arrangement between the republican party structure and the socialist union. Whether that cooperation lasted longer than the note itself is another question entirely.