1 Peseta Villores

Villores is a small municipality in the Castellón province of Valencia, and like hundreds of similarly tiny Spanish communities, it issued its own emergency paper money during the Civil War after the Republic's central coin supply collapsed in 1936–37. These local emissions — known collectively as "billetes locales de necesidad" — were a pragmatic response to the near-total disappearance of small change from circulation, hoarded by a population that trusted metal over paper. Villores, with a population that likely numbered in the hundreds, had no banking infrastructure behind it.

The Garicoin reference places this as a known type, but surviving examples from villages this small are genuinely uncommon — low original print runs and wartime attrition account for most of the losses.