1 Peseta Torrevieja, Sociedad de Camareros, Hoteleros y Anexos

Civil War-era Spain produced thousands of these local emergency issues — the Republican zone's collapse of central monetary authority in 1936–37 forced trade unions, municipalities, and cooperatives to print their own fractional currency to keep commerce moving. This note comes from the U.G.T.-affiliated waiters and hotel workers' union in Torrevieja, a salt-industry town on the Alicante coast. That a catering workers' syndicate was issuing scrip tells you something about how thoroughly normal banking had broken down.

The thick card stock was a practical choice when proper banknote paper was unavailable. The official stamp is the only security feature — entirely typical for improvised issues of this kind, and easily forged, though forgery was rarely the point when notes circulated only within a single town.