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10 Pesetas Banco de España - Santander

Issuer Banco de España - Santander
Year 1936
Type Emergency banknote
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Obverse description Letterpress-printed note in black ink on plain paper, with a geometric border framing the entire face. The central field carries a guilloche-style background underprint with the repeated legend BANCO DE ESPAÑA, over which the principal text inscription is set in varying typefaces. All design elements are typographically composed, with no pictorial vignette on this side.
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Reverse lettering 10 BANCO DE ESPAÑA / SANTANDER IGUALDAD FRATERNIDAD Y JUSTICIA
(Translation: Bank of Spain / Santander Equality Fraternity and Justice)
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Comments

The Banco de España branch issues of 1936 were a direct consequence of the Civil War fracturing Spain's financial infrastructure. When Nationalist forces moved on Madrid, the Republican government authorized regional branches to issue their own notes — Santander among them — to maintain liquidity in areas that remained under Republican control. The Santander branch had no independent printing capability, so these notes were produced locally under improvised conditions, which accounts for the variable print quality seen across surviving examples.

Santander fell to Nationalist forces in August 1937, effectively ending this series after barely a year of circulation.

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