1 Peseta Reus

Reus was one of hundreds of Catalan municipalities that issued its own paper currency during the Civil War after the collapse of coin circulation in 1936. The Republican government's inability to maintain a functional small-denomination coinage supply forced local authorities — town councils, unions, cooperatives — to fill the gap themselves. These emissions had no formal backing and were technically illegal under central banking law, but necessity overrode doctrine.

The Ferrando press was a local commercial printer, not a security printer, and it shows in the production values. Turró catalogued over 2,000 distinct municipal emissions from this period; that number alone tells you how fragmented the monetary situation had become by 1937.