1 Peseta Valenzuela de Calatrava

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.