1 Peseta Vallflorida

Vallflorida is a tiny municipality in the Anoia comarca of Catalonia — population measured in the hundreds even today. That such a settlement was issuing its own paper currency in 1937 reflects the near-total collapse of small-denomination coinage during the Spanish Civil War, when the Republican zone faced acute shortages of metal and the central government could not adequately supply local needs. Hundreds of Catalan municipalities responded by printing their own emergency notes, the so-called "moneda local" or "bitllets de necessitat."

Gràfiques Unificades in Granollers was one of several regional printers that handled a significant volume of this municipal work. The Turró catalogue remains the definitive reference for these emissions, and the 2657 number places this note well into the long tail of smaller, obscure issuers.