1 Peseta Poleñino

Poleñino is a village in Huesca province, Aragon, with a population that likely numbered in the hundreds during the Civil War. That a settlement this small issued its own emergency paper currency — a vale or local warrant — is less surprising than it seems: the Republican zone's chronic shortage of small coinage after 1936 forced hundreds of municipalities, collectives, and even individual businesses to print their own fractional substitutes. The Consejo Municipal was simply doing what its neighbors were doing.

Aragón produced some of the most numerous and obscure municipal issues of the entire war. Gari's catalog remains the essential reference for these, and the #1148-C suffix suggests variant differentiation within the Poleñino emission — likely a color or overprint distinction.