1 Peseta Villamarchante

Villamarchante, a small agricultural municipality northwest of Valencia, was one of hundreds of Spanish Republican localities that issued its own emergency fractional currency during the Civil War after the hoarding of metal coins created a severe small-change crisis by mid-1936. The Consejo Municipal — the revolutionary municipal council that had replaced the pre-war ayuntamiento — authorized these notes under the broader framework tolerated by the Republican government, which had neither the capacity nor the political will to fully centralize fractional money supply in loyalist territory.

The thick card stock construction was typical of inland Valencian local issues, where access to proper banknote paper was nonexistent and printers worked with whatever commercial stock was available. The official stamp served as the primary authentication against counterfeiting — a modest barrier, but the low denominations made forgery economically pointless.