1 Peseta Reus

During the Spanish Civil War, the Republican zone suffered a near-total collapse of small-denomination coinage — silver and copper had been hoarded or melted — forcing hundreds of municipalities to print their own emergency paper currency. Reus, a major commercial town in Tarragona province with a history of independent civic action, was among the more prolific local issuers, printing several denominations through its own municipal press.

Imprenta De Ferrando was a local commercial printer, not a security press. That matters: these notes were never designed for longevity, and paper quality was inconsistent across the run.