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1 Peseta Mula

Issuer Mula, Municipality of
Year 1937
Type Emergency banknote
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Obverse lettering EL AYUNTAMIENTO de MULA PAGARÁ AL PORTADOR UNA PESETA MULA, febrero de 1.937.
(Translation: The City Council of Mula will pay the bearer One Peseta. Mula, February 1937.)
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Reverse lettering REPUBLICA ESPAÑOLA 1 PESETA
(Translation: Spanish Republic 1 Peseta)
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Comments

During the Spanish Civil War, hundreds of Spanish municipalities issued their own emergency paper money after the Republic's central government lost control of coin supplies and small change effectively vanished from everyday commerce. Mula, a small town in Murcia, was among them. These local issues — known collectively as "billetes locales" or "vales" — were authorized under Republican decree but designed, printed, and backed entirely by local councils with whatever resources they had on hand.

Provincial and municipal issues from this period vary wildly in printing quality and survival rates. Mula's issues are modestly scarce; the town's wartime circumstances and the Franco regime's subsequent suppression of Republican-era material meant many were destroyed or discarded after 1939.

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