10 Céntimos Belmez

Belmez is a small mining town in the province of Córdoba, and like dozens of Spanish municipalities it resorted to issuing its own emergency fractional paper during the Civil War — a direct consequence of the hoarding of metal coinage that began in 1936 as the Republic's silver reserves evaporated and small change essentially vanished from circulation. These local issues, known collectively as "moneda local de necesidad," were never legal tender beyond their issuing municipality.

The Garicano-Moragas catalogue reference is unassigned, which typically indicates a piece recorded but not yet fully integrated into the standard corpus — worth noting for anyone building a complete provincial set.