1 Peseta Mequinenza

Mequinenza is a small Aragonese town at the confluence of the Ebro, Segre, and Cinca rivers — strategically significant, fiercely contested during the Civil War, and under Republican control when this note was produced. Municipal emergency currency of this kind filled a genuine void: the hoarding and disappearance of metal coinage in 1936–37 left local economies functionally paralyzed without some form of small-denomination substitute.

Imprenta Sol in Lleida printed for numerous Republican municipalities across the region during this period, which gives the series a certain documentary coherence even as individual issues remain highly localized. Gari Mon catalogs this as variant C, implying at least two earlier emissions from the same municipality.