1 Peseta Oló

During the Spanish Civil War, the Republican zone experienced a near-total collapse of small-denomination coinage — hoarded, melted, or simply absent — which forced hundreds of Catalan municipalities to issue their own emergency paper. Oló, a small township in the Moianès comarca of Barcelona province, was one of roughly 1,200 local authorities that did so under a 1937 decree permitting such emissions. These notes were legal only within the issuing municipality's limits and had no standing elsewhere.

The printer, Grafos Col·lectivitzada, was a Barcelona firm operating under worker collectivization after its owners fled or were displaced in the revolutionary period of 1936. It handled a significant volume of these municipal chits, which is why the production quality is somewhat more consistent than notes from smaller local printers.

Turró catalogues this emission as #1691.