1 Peseta Morella

Morella is a walled hilltop town in Castellón province, and like hundreds of Catalan and Valencian municipalities during the Civil War, it issued its own fractional currency when the Republic's centésimo coinage disappeared from circulation almost overnight in 1936–37. These local emissions — often called "moneda municipal de necessitat" — filled a gap the central government couldn't address fast enough. Most were produced under improvised conditions, sometimes by local printers with no banknote experience, which accounts for the wide variation in paper quality and impression across surviving examples.

The Gari reference number is unassigned, suggesting either incomplete cataloguing or extreme rarity in the specialist literature.