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1 Peseta La Seu d'Urgell; Cooperativa de Lleteria del Cadí

Issuer Cooperativa de Lleteria del Cadí
Year 1937
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Value 1 Peseta (1 ESP)
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Obverse description Plain cream paper with all text typeset in red letterpress within a double-rule rectangular border. The issuer name and subtitle appear at top, a small ornamental flourish divides them from the central denomination statement, and the place and date of issue are set at the foot.
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Reverse lettering Aquests vals seran retirats de la circulació i pagat llur import, així que per l'Estat, la Generalitat o l'Ajuntament de La Seu, s'emeti moneda fraccionària en metàlic o paper.
0507 ✽
(Translation: These vouchers will be withdrawn from circulation and their amount paid, as soon as fractional currency in cash or paper is issued by the State, the Generalitat or the City Council of La Seu.)
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La Seu d'Urgell sits in the Pyrenean comarca of Alt Urgell, and by 1937 the breakdown of central monetary authority during the Spanish Civil War had pushed local entities — cooperatives, municipalities, unions — into printing their own fractional currency. The Cooperativa de Lleteria del Cadí was a dairy cooperative, not a bank, and had no business issuing money. It did so anyway because small change had effectively ceased to exist.

These emergency notes, collectively catalogued under the Catalan "paper moneda" issues, were technically illegal under Republican decree but were tolerated out of pure necessity. The Cadí cooperative survives today as a significant Pyrenean cheese producer — the wartime chit is the stranger footnote in its history.

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