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1 Peseta Villanueva de la Serena
| Issuer | Villanueva de la Serena, Municipality of |
|---|---|
| Year | 1937 |
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| Composition | Paper |
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| Obverse lettering | El Consejo Municipal PAGARÁ AL PORTADOR UNA PESETA 1'00 Villanueva de la Serena 2 Dbre. 1937 El Depositario, El Alcalde D. Crespo J. Hidalgo (Translation: The Municipal Council Will Pay the Bearer One Peseta 1.00 Villanueva de la Serena, 2 December 1937 The Treasurer, The Mayor D. Crespo J. Hidalgo) |
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| Protection type | Official stamp |
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| Comments |
Villanueva de la Serena is a small town in Extremadura, and like dozens of Spanish municipalities in 1937, it issued its own emergency fractional currency after the Civil War disrupted the supply of small-denomination coinage controlled by the Republican government. These local issues — collectively called "billetes locales de necesidad" — were technically illegal under Republican monetary regulations but were tolerated out of practical necessity. The signature of the alcalde, J. Hidalgo, marks this as a civic instrument backed by nothing more than municipal authority and local trust.