1 Peseta La Portellada

La Portellada is a tiny municipality in the Matarraña comarca of Aragon — population a few hundred even today — yet like dozens of similar villages across Republican-held Spain, it issued its own emergency paper currency during the Civil War. The collapse of small-denomination coinage in 1936–37, driven by hoarding and disrupted supply chains, forced municipal councils at every level to fill the gap with locally printed or rubber-stamped paper. Most were produced without any formal authorization from the Republican treasury and varied wildly in printing quality.

The Gari Montserrat reference number is unassigned, suggesting this piece may be unrecorded or only recently documented — not uncommon for the most obscure Aragonese emissions.