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| 表面の説明 | Typeset letterpress note printed in black ink on plain paper, enclosed within a bold ocher double-rule border with geometric corner ornaments. The central field is arranged in horizontal registers of capital text, with the denomination stated as 'UNA PESETA' and the instrument classified as 'CERTIFICADO DE GARANTÍA', with a lightly printed geometric underprint across the central area. |
|---|---|
| 表面の銘文 | AYUNTAMIENTO DE PUEBLANUEVA (TOLEDO) Emisión 1937 CERTIFICADO DE GARANTIA UNA PESETA (Translation: City Council of Pueblanueva (Toledo) Issue 1937 Guarantee Certificate One Peseta) |
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Pueblanueva is a small municipality in the province of Toledo, and like hundreds of Spanish towns during the Civil War, its ayuntamiento issued fractional paper currency in 1937 to compensate for the near-total disappearance of metallic coinage from circulation. Republican-zone authorities had effectively hoarded or melted silver and copper, leaving rural communities without the small change needed for daily commerce. Local emergency notes — cartones or billetes municipales — filled that gap, authorized under a 1936 Republican government decree that gave municipalities limited issuing rights.
Survival rates for these hyper-local issues vary enormously. Many were redeemed and destroyed once the war ended; others simply disintegrated in poor storage conditions.