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1 Peseta Ricote

Issuer Ayuntamiento de Ricote (Municipality of Ricote)
Year 1937
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Shape Rectangular
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Obverse description Plain white note with black letterpress text arranged across the face, incorporating the coat of arms of the Spanish Republic printed at 90 degrees to the main text axis as a central vignette. The overall design is typographic in character, with no decorative border or guilloche work, consistent with wartime emergency issue production.
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Reverse description Plain white reverse bearing a single circular violet ink validation stamp reading 'RICOTE' at the top arc and the date '10.FEB.37' across the lower half, applied by the municipal authority as an authentication mark at the time of issue.
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Comments

Ricote is a small village in the Segura River valley of Murcia, and like hundreds of other Republican-held municipalities in 1937, it issued its own emergency fractional currency when the Civil War severed reliable coin supply from Madrid. These local "billetes municipales" were a practical stopgap — the national government had essentially lost control of small-denomination circulation, and commerce needed something. The Ayuntamiento filled that vacuum with whatever printing resources it had locally.

The validation stamp is the only security measure, which tells you everything about the intended scope: notes like this circulated within the village and nowhere else.

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