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10 Pesetas Banco de España - Bilbao

Issuer Banco de España, Bilbao
Year 1937
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Shape Rectangular
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Reverse description The reverse carries an original composition by Martínez Ortiz inspired by the Pontifical University of Oñate, rendered in a fine-line intaglio style. The denomination numeral appears alongside the issuing bank's name within the overall design.
Reverse lettering 10 BANCO DE ESPAÑA
(Translation: Bank of Spain)
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Comments

Bilbao fell to Nationalist forces in June 1937, making this note one of the more time-compressed emergency issues of the Civil War period. The Basque regional government had only been granted autonomy in October 1936, and the Banco de España's Bilbao branch operated under Republican-aligned Basque authority for barely eight months before the city was taken — a window narrow enough that surviving circulated examples are genuinely uncommon.

Huecograbado Arte y Editorial Vasca was a local commercial printing and engraving firm, pressed into banknote production under wartime necessity rather than specialist currency contract.

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