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| 正面描述 | Blue letterpress design on cream paper, framed by a floral guilloche border. The central vignette presents the local coat of arms of Valls flanked by two foliate branches on either side. The denomination and issuing authority legends are arranged in the upper and lower registers within the decorative frame. |
|---|---|
| 正面铭文 | Ajuntament DE Valls 1 PESSETA La Tresoreria de l`Ajuntament reconeix a favor del portador UNA Pesseta Valls, 16 de Febrer del 1937. (Translation: City Council of Valls 1 Peseta The City Council`s treasury recognizes in favor of the bearer One Peseta Valls, February 16, 1937) |
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During the Spanish Civil War, the Republican zone suffered an acute shortage of small-denomination metallic currency — silver and copper had been hoarded, melted down, or simply ceased to circulate. Hundreds of Catalan municipalities responded by issuing their own paper fractional notes under legal cover provided by the Generalitat de Catalunya's June 1937 decree. Valls, a modest industrial town in Alt Camp, was one of them.
Printed locally by Imprenta E. Castells, the note never circulated beyond the municipal boundary. Redemption after the Nationalist victory in early 1939 was either non-existent or deeply unfavorable, and most surviving examples stayed in local hands rather than passing through any formal demonetization process.