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1 Peseta Jarafuel

Issuer Consejo Municipal de Jarafuel
Year 1937
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Value 1 Peseta (1 ESP)
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Obverse description Plain cream card stock printed in black letterpress throughout, with no pictorial vignette or decorative border. The denomination numeral word "UNA" is set in large bold capital letters occupying the left half of the note, while the issuer inscription "Consejo Municipal DE JARAFUEL" appears in the upper right in mixed type sizes, separated by thin ruled lines. The word "peseta" in lower-case italic type is positioned at the lower right, underlined by a single rule.
Obverse lettering UNA peseta Consejo Municipal DE JARAFUEL
(Translation: One Peseta Municipal Council of Jarafuel)
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Comments

Jarafuel is a small agricultural municipality in Valencia's interior — population a few hundred even in the 1930s — which makes this emission one of the more obscure survivals of Spain's Civil War local currency phenomenon. When the Republic's central monetary supply collapsed in the early conflict years, thousands of municipalities issued their own paper, ranging from rudimentary cardboard slips to reasonably sophisticated printed notes. Jarafuel's fell firmly in the cardboard-slip category.

The thick stock was almost certainly a practical necessity: proper banknote paper was unavailable outside major printing centers, and local authorities used whatever was at hand. At 1 peseta, this covered basic daily transactions in a village economy running largely on barter and improvisation by 1937.

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