1 Peseta Portell de Morella

Portell de Morella is a small municipality in the comarca of Els Ports, Castellón — a community of a few hundred souls that nonetheless issued its own emergency paper money during the Civil War as the Republican zone's fractional currency crisis made small change effectively impossible to find. These hyper-local emissions, known collectively as billetes de necesidad, were authorized by decree but produced with whatever materials each council had on hand, which is why the security features on most examples amount to little more than an administrative rubber stamp.

The Garicoin reference places this among the better-documented Valencian municipal issues, though survival rates for these tiny notes are erratic — they were never legal tender beyond the issuing municipality itself.