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| 正面描述 | Typeset letterpress note printed in red on cream paper stock, enclosed within a continuous geometric border of alternating diamond and scroll motifs. A solid red oval band at centre carries the denomination 'UNA PESETA' in bold capitals, above which the issuing authority legend and promise-to-pay clause appear in smaller capitals; below, the place and date of issue and the legend 'El Presidente del C.M.' are set in a lighter typeface, with a manuscript signature and a round violet official municipal seal applied over the lower portion. |
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| 背面描述 | Entirely unprinted plain cream paper stock, bearing no text, vignette, or ornamental elements of any kind. |
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Nerpio is a small municipality in the sierra of Albacete, and like hundreds of Spanish towns during the Civil War, its ayuntamiento issued emergency fractional currency when Republican coinage effectively disappeared from circulation in 1936–37. The central government's inability to maintain small-denomination supply forced local bodies — councils, unions, businesses — to fill the gap themselves. These emissions had no formal banking authority behind them and circulated only within their immediate locality, often for weeks or months before being replaced or simply abandoned.
Survival rates for Nerpio's issues are low. Small-town wartime paper was rarely saved and the series is sparsely documented.