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10 Pesetas

Issuer Banco de España
Year 1936
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Value 10 Pesetas (10 ESP)
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Obverse lettering 10 BANCO DE ESPAÑA DIEZ PESETAS DE CURSO LEGAL BURGOS, 21 de Noviembre de 1936 P. EL GOBERNADOR. P. EL INTERVENTOR. P. EL CAJERO 10 LIT. M. PORTABELLA - ZARAGOZA
(Translation: Bank of Spain Ten Pesetas legal tender Burgos, November 21, 1936 The Governor. The Comptroller. The Cashier)
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Reverse lettering 10 BANCO DE ESPAÑA DIEZ PESETAS LA FALSIFICACIÓN DE ESTE BILLETE SERÁ SANCIONADA CON EL MÁXIMO RIGOR
(Translation: Bank of Spain Ten Pesetas The falsification of this banknote will be sanctioned with the utmost severity)
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Comments

Issued in Zaragoza in September 1936, this note is a product of the Nationalist-controlled zone in the opening weeks of the Civil War. Portabella was a local commercial lithographer pressed into emergency currency production — not a specialist banknote printer — which accounts for the relatively crude execution compared to pre-war Banco de España issues.

The Republican government in Madrid considered these notes illegitimate, and they were demonetized following Franco's victory. Surviving examples are plentiful because much of this emission was never actually spent.

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