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1 Peseta Pozuelo de Calatrava
| Issuer | Consejo Municipal de Pozuelo de Calatrava |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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| Obverse description | Plain card stock note printed entirely in black letterpress, with no vignette or decorative elements. The issuer name 'CONSEJO MUNICIPAL' and 'POZUELO DE CALATRAVA' are set in bold uppercase type, each separated by a horizontal rule. The denomination 'Vale por 1 peseta' appears in the centre, with the date 'Julio, 1937' and a printed serial number at the lower portion of the note. |
|---|---|
| Obverse lettering | CONSEJO MUNICIPAL POZUELO DE CALATRAVA Vale por 1 peseta Julio, 1937 (Translation: Municipal Council Pozuelo de Calatrava Valid for 1 Peseta July, 1937) |
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| Comments |
Pozuelo de Calatrava is a small municipality in Ciudad Real province, and this note is one of hundreds of hyperlocal emergency issues that flooded Republican-held Spain during the Civil War after the government's Decree of 1936 effectively authorized municipal councils to print their own fractional currency. The chronic shortage of small coin — hoarded almost immediately once fighting began — forced even villages with no banking infrastructure to produce their own substitutes.
Thick card stock was common in these issues precisely because it survived brief, intensive local circulation better than standard banknote paper. Most were redeemable only within the issuing municipality, which kept survival rates low.