1 Peseta Torres

Emergency local paper money issued by a Spanish municipal ayuntamiento — almost certainly during the Civil War period of 1936–1939, when the breakdown of the national coinage supply forced hundreds of small towns to print their own fractional currency. Torres is a small municipality, and notes from minor Catalan and Andalusian ayuntamientos at this denomination were frequently produced on whatever paper stock was available, often with rudimentary letterpress printing.

The incomplete Gari Montaner reference number suggests this piece either lacks a confirmed catalog listing or was recorded from a single known example. Either way, survivors from the smallest issuing bodies in this series are genuinely uncommon.