1 Peseta San Miguel de Salinas

San Miguel de Salinas is a small municipality in the Vega Baja del Segura, and like hundreds of Spanish towns during the Civil War, it resorted to issuing its own fractional currency when the Republic's coinage disappeared from circulation — hoarded, melted, or simply unreachable. These local emergency emissions, known as billetes locales or moneda municipal, were authorized under a decree allowing ayuntamientos to fill the void left by the collapse of small-change supply.

The Gari Morera catalogue remains the primary reference for these Valencian and Murcian provincial issues. Most surviving examples come from unissued remainder stocks rather than genuine circulation.