1 Peseta La Fresneda

La Fresneda is a small municipality in the Bajo Aragón region of Teruel, and like hundreds of Spanish towns during the Civil War, its local council issued emergency paper fractional currency when coins disappeared from circulation entirely — hoarded, melted, or simply gone. These municipal notes, collectively catalogued under the broader billetes locales category, were legal only within the issuing municipality and often printed on whatever stock was available locally.

Gari Mon 676-D suggests this falls within a documented subseries variant, though survival rates for La Fresneda issues are low given the town's small population and the chaotic conditions of the Aragonese front in 1937.