1 Peseta Gilet

Gilet is a small municipality in Valencia province, and like hundreds of Spanish towns during the Civil War, its local council issued emergency paper scrip in 1937 when Republican-zone small change essentially ceased to exist. The Consejo Municipal stepped in to fill that gap — not by choice, but because the Generalitat Valenciana's own fractional currency couldn't keep pace with demand at the village level.

The Turró and Gari catalogues document enormous variation in quality and survival across Valencian municipal issues of this period. Notes from tiny populations like Gilet were printed in small quantities and used hard in local commerce, which makes intact survivors relatively uncommon.