1 Peseta Totana

Totana is a small agricultural municipality in Murcia, and like hundreds of Spanish towns during the Civil War, it issued its own emergency paper currency when the Republican government's coin supply collapsed in 1936–37. The hoarding of metal coinage — driven partly by silver's intrinsic value and partly by simple panic — left local commerce paralyzed. Municipal and organizational issues like this one filled that gap, backed by nothing more than local trust and administrative authority.

The Garrido Moraga catalogue reference places this firmly among the documented Murcian municipal emissions, though survival rates for small-town Spanish Civil War issues vary enormously. Many were printed in tiny runs on whatever paper was available.