1 Peseta Les Bordes

Es Bòrdes is a small municipality in the Val d'Aran, the Pyrenean valley whose Gascon Occitan language and political administration have always sat awkwardly within the Spanish state. This note is a product of the Republican municipal emergency coinage program of 1936–37, when the Civil War's disruption of coin supply forced hundreds of Catalan and Aragonese local governments to print their own fractional paper. The Ajuntament printed through Imprenta Escolar in the nearby town of Les — a thoroughly local operation, not a commercial security printer.

The Val d'Aran was the first piece of Iberian territory liberated by Republican forces in 1944, briefly, before Franco reasserted control. But by then these notes had long since been demonetized.