1 Peseta Orellana la Vieja

Orellana la Vieja is a small municipality in Extremadura, and like hundreds of Spanish towns during the Civil War, it printed its own fractional currency when the Republic's coinage disappeared from circulation — hoarded, melted, or simply stopped moving. These locally issued vales and billetes de necesidad were a direct response to the acute small-change shortage that paralyzed everyday commerce from 1936 onward.

The dual attribution — both the workers' cooperative and the municipal council — is unusual and suggests a negotiated arrangement, possibly reflecting the political tensions within Republican-held communities about who held legitimate issuing authority. Unlisted in Gari, which means surviving documentation is thin.