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| 正面铭文 | CONSELL MUNICIPAL DE REUS LA DIPOSITARIA MUNICIPAL PAGARA AL PORTADOR LA QUANTITAT D`UNA Pesseta Reus 14 d`Abril del 1937. (Translation: Municipal Council of Reus The Municipal Depositary will pay the bearer the amount of One Peseta Reus, April 14, 1937) |
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| 背面铭文 | CONSELL MUNICIPAL DE REUS UNA PESSETA BITLLET DE CIRCULACIÓ OBLIGATORIA EN TOTA LA JURISDICCIÓ MUNICIPAL (Translation: Municipal Council of Reus One Peseta Mandatory circulation banknote in all the Municipal Jurisdiction) |
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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.