1 Peseta Vallbona d'Anoia

Vallbona d'Anoia is a small municipality in the Alt Penedès comarca of Catalonia, and like hundreds of other Catalan and Spanish towns, it resorted to locally issued paper fractional currency during the coin shortage that followed the outbreak of the Civil War in 1936. The Republican government's hoarding crisis stripped small-denomination coinage almost entirely from circulation, forcing municipalities — many of them tiny — to print their own emergency notes to keep local commerce moving.

Turró catalogues thousands of these emissions; this one is among the more obscure, reflecting a genuinely hyperlocal response to a national breakdown in monetary supply.