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1 Peseta Morella

Issuer Morella, Municipality of
Year 1937
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Reference(s) Gari Mon#976-C
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Reverse description Plain off-white paper bearing a single large oval validation stamp applied in blue ink at center, containing the text "DEPOSITARIA DE FONDOS MUNICIPALES DE MORELLA" arranged around the interior of the oval. A handwritten annotation in ink appears along the lower margin.
Reverse lettering DEPOSITARIA DE FONDOS MUNICIPALES DE MORELLA
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Comments

Morella is a medieval hilltop town in Castellón province, and like hundreds of Spanish municipalities during the Civil War, it issued its own fractional paper currency in 1937 to cover the near-total disappearance of metal coinage from circulation. The Republican government had authorized emergency local issues, but standardization was nonexistent — each town produced what it could, with whatever printing resources it had on hand.

At 45 × 39 mm, this is among the smallest emergency notes of the war. The rubber stamp authentication was the only available security measure, making forgery theoretically trivial, though the hyperlocal validity of these notes made counterfeiting largely pointless.

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