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1 Peseta Palafolls

Issuer Ajuntament de Palafolls (Municipality of Palafolls)
Year 1937
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Printer Imprenta Montalt, Malgrat, Spain
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Obverse lettering 1 Ajuntament de Palafolls Val per una pesseta quantitat reembolsable a la Caixa Municipal, en virtut d`acord del Ajuntament, de data 29 de Maig del 1937
(Translation: City Council of Palafolls Valid for One Peseta amount refundable to the Municipal Fund, by agreement of the City Council, dated May 29, 1937)
Reverse description Plain white stock with a pink stippled underprint composed of a central starburst or rosette vignette flanked by four corner medallions, each formed by a square frame enclosing a circular dot-pattern device. The face value '1 Pta.' is printed in red-violet at centre, and the printer's imprint 'IMP. MONTALT · MALGRAT' appears along the lower margin.
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During the Spanish Civil War, the Republican zone suffered a near-total collapse of small-denomination coinage — silver and copper had been hoarded, melted, or simply vanished from circulation. Hundreds of Catalan municipalities responded by issuing their own emergency paper currency, the so-called "moneda local," under a framework loosely authorized by the Generalitat de Catalunya. Palafolls, a small municipality in the Maresme comarca, was among them.

Imprenta Montalt in nearby Malgrat handled production for several of these local issues, which kept print costs low and turnaround fast. These municipal notes had no legal standing outside their issuing town and were redeemable only while the issuing authority remained solvent — which, for many, did not outlast 1939.

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