1 Peseta Villena

Villena is a mid-sized town in Alicante province, and like hundreds of Spanish municipalities during the Civil War, it issued its own paper currency in 1937 when the Republican government's coin supply collapsed almost entirely. The peseta-value small change notes — known collectively as billetes de necesidad — were authorized under a June 1937 decree from the Republican Ministry of Finance, which attempted to bring some order to the chaotic patchwork of local emergency issues already in circulation by that point.

The Gari Monerris catalog remains the essential reference for these Valencian Community issues. The -B suffix in the Gari reference typically distinguishes a variant within the series — worth confirming against the specific serial range or paper stock.