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| 正面铭文 | EL AYUNTAMIENTO DE MORATALLA PAGARA AL PORTADOR UNA PESETA Moratalla 1.º de Marzo de 1937 (Translation: The City Council of Moratalla Will pay the bearer One Peseta Moratalla, March 1, 1937) |
| 背面描述 | Printed in green ink, the reverse carries the coat of arms of the Spanish Republic at centre, surrounded by a perimeter of repeating rhombus ornaments forming a decorative frame. The denomination is stated in large capital letters as the sole textual element, rendered in a plain letterpress typeface. |
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Moratalla is a small municipality in the Murcia region, and like hundreds of Spanish towns during the Civil War, it issued its own emergency paper currency in 1937 when the Republican government's centralized supply of small change completely collapsed. These local issues — known collectively as papel moneda local — were typically authorized under the decree of 21 December 1936, which gave municipalities the right to print their own fractional currency up to certain limits.
The Gari Mon reference places this firmly within the documented corpus, but Moratalla's issues remain genuinely scarce simply because the town's wartime population was small and surviving quantities were never large.