1 Peseta Piles

Piles is a small coastal municipality in Valencia, and like hundreds of similar towns during the Spanish Civil War, its local council assumed emergency issuing authority when the Republic's banking system fractured and small change disappeared almost entirely from circulation. These municipal emergency notes — known collectively as "billetes de necesidad" — were produced by the thousands across Republican-held territory from 1936 onward, most on whatever paper stock was locally available, authenticated by little more than a rubber stamp and a handwritten signature.

The Turró and Garicatalogue references place this firmly within the documented Valencia regional series, but survival rates for Piles issues are poor. Small-town councils rarely printed in large quantities, and most notes were redeemed or simply discarded once the crisis passed.