10 Céntimos Villaralto

Villaralto is a small municipality in the Sierra Morena foothills of Córdoba province, and like hundreds of other Spanish towns it resorted to locally produced emergency fractional currency during the Civil War after the Republic's small-change supply collapsed in 1936–37. These municipal issues — collectively termed "billetes de necesidad" — were authorised under a degree of improvisation that makes systematic cataloguing genuinely difficult; many were produced in tiny print runs by local printers with no philatelic ambition whatsoever.

The Gari Monovar reference places this among the better-documented Andalusian municipals, though surviving examples remain scarce simply because the notes were used hard in daily commerce and few were preserved.