1 Peseta Moratalla

Moratalla is a small municipality in Murcia, and like hundreds of Spanish towns during the Civil War, it issued its own emergency fractional currency when the Republic's central supply of small change collapsed entirely. These local issues — generically called "moneda local de necesidad" — were authorized under a Republican decree of 1937 that briefly legitimized what municipalities had already been doing out of desperation.

The Gari Moragas catalog remains the definitive reference for these Spanish municipal issues, and #973-G places this squarely within a large family of similarly improvised notes from the Murcia region. Paper quality and print execution varied wildly between issuers; Moratalla's output is not among the better-documented series.