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1 Peseta Olba

Issuer Consejo Municipal de Olba
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Currency Peseta (1936-1939)
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Obverse description Typeset letterpress note on cream card stock with rounded corners, printed entirely in black ink. The left half of the face is dominated by the large bold display letterform 'UNA', while the right half carries the issuer legend 'Consejo Municipal de Olba' in smaller serif type, with 'OLBA' set in large block capitals and underscored by a double rule. The denomination 'peseta' appears in bold lowercase at the lower right, similarly underlined.
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Reverse description Plain reverse of uniform cream-toned thick card stock, entirely unprinted, with no text, vignette, or ornamental device; the surface shows visible fibrous inclusions consistent with the recycled or coarse paper materials typical of Spanish Civil War emergency issues.
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Comments

Olba is a tiny municipality in the Gúdar-Javalambre comarca of Teruel, Aragon — one of hundreds of Spanish towns that issued their own emergency fractional currency during the Civil War after the Republican government's coin shortage of 1936–37 stripped local commerce of small change entirely. These municipal issues, known collectively as billetes locales or moneda local, were produced under wildly varying conditions: some by professional printers, many by local tradesmen with whatever press and card stock was available.

The Gari Monetary catalogue reference places this firmly in the documented but poorly-studied Aragonese local issues — a region where Republican municipal authority remained intact only until August 1938, giving these notes an extremely compressed circulation window.

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