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1 Peseta Valenzuela de Calatrava
| Issuer | Consejo Municipal de Valenzuela de Calatrava |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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| Obverse description | Plain card stock note printed entirely in black letterpress on a pale ochre ground, with no vignette or decorative elements. The issuer name appears in two lines across the upper portion, separated from the denomination text by a double horizontal rule; the denomination line reads 'Vale por 1 peseta' in a larger typeface. The date 'Julio, 1937' and a printed serial number appear along the lower margin. |
|---|---|
| Obverse lettering | CONSEJO MUNICIPAL VALENZUELA DE CALATRAVA Vale por 1 peseta Julio, 1937 (Translation: Municipal Council Valenzuela de Calatrava Valid for 1 Peseta July, 1937) |
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| Comments |
Valenzuela de Calatrava is a small municipality in the province of Ciudad Real, and like hundreds of Spanish towns during the Civil War, its municipal council issued emergency fractional currency in 1937 when the Republican zone faced a catastrophic shortage of small coinage. The central government's inability to maintain coin supply pushed this responsibility down to the most local level imaginable — village councils printing their own pesetas on card stock.
The Garicano Moragas catalog reference places this among the rarest tier of Spanish Civil War local issues. Municipal emissions from villages of this size typically survived in tiny quantities, produced for purely local use and quickly discarded once the war ended.