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| 正面描述 | Typeset letterpress design on plain card stock, with the large bold denomination word 'UNA' occupying the entire left half of the note in oversized block capitals. To the right, the issuing authority 'Consejo Municipal / OLIVA' appears at the top in smaller uppercase type, followed by a short horizontal rule, the word 'ECONOMÍA' in bold capitals, a second horizontal rule, and the denomination word 'peseta' in large bold lowercase type underlined by a thick rule. |
|---|---|
| 正面铭文 | UNA peseta Consejo Municipal OLIVA ECONOMÍA (Translation: One Peseta Municipal Council Oliva Economy) |
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Oliva is a small coastal municipality in Valencia, and this emergency note was issued by its municipal council during the Civil War under the Republican zone's desperate push to solve a catastrophic small-change shortage. The Generalitat Valenciana had authorized local bodies to issue their own fractional currency — a practical concession to economic collapse rather than any grant of monetary authority. Hundreds of Valencian municipalities did exactly this, flooding the region with a wildly inconsistent patchwork of local paper.
The thick card stock construction is characteristic of many Valencian municipal issues, some of which were printed on whatever material was locally available.