1 Peseta Higueruela

Higueruela is a small municipality in the province of Albacete, Castile-La Mancha. This note was issued by its local council during the Spanish Civil War, when the Republican government authorized municipal and commercial entities to produce their own emergency fractional currency — the chronic shortage of small coin having effectively paralyzed retail trade across the zone. These locally printed pieces, collectively called "billetes locales" or "moneda de necesidad," vary enormously in production quality; the Higueruela issue sits toward the modest end of that spectrum.

The Garrido-Morón catalog reference (Gari Mon#759-C) places it among documented Albacete province emissions, but survival rates for small-town Civil War paper are poor.