1 Peseta Real de Montroy

Real de Montroy is a small municipality in Valencia's Ribera Alta comarca, and like hundreds of similarly sized Spanish towns during the Civil War, it issued its own emergency paper fractional currency when the Republic's coin supply effectively collapsed in 1936–37. The hoarding of silver and copper left everyday transactions unworkable, and municipal councils stepped in with locally printed scrip as a direct, improvised fix.

The Turró cataloguing system documents thousands of these Valencian municipal emissions; the 1228 reference places Real de Montroy squarely in that mid-war wave of necessity issues. Survival rates vary wildly — some village emissions are extremely rare today, others turned up in bulk lots decades later.