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1000 Pesetas

Issuer Banco de España
Year 1940
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Value 1000 Pesetas (1000 ESP)
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Obverse description Central vignette with a bust portrait of the Spanish Baroque painter Bartolomé Murillo (1618–1682), set against a guilloche underprint with geometric greca border ornaments. The coat of arms of Spain appears alongside the portrait, with numeral value figures at two corners of the note. Intaglio-printed inscriptions name the issuing authority and the date of issue, Madrid, 9 January 1940, with three signature lines for the Governor, Auditor, and Cashier.
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Reverse description The reverse carries a full-colour reproduction of a fragment from Murillo's painting 'Girls Counting Money', housed in the Alte Pinakothek, Munich, Germany, rendered in a pictorial vignette occupying the central field. Lettering in the issuing bank's name and the denomination in words frame the composition.
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Comments

Printed in Fascist Italy for Francoist Spain, this note was commissioned from the Milan firm Calcografia e Cartevalori (Coen & C.) as part of the broader effort to rebuild Spain's currency infrastructure following the Civil War. The Banco de España had been printing emergency issues throughout the conflict, and by 1940 the regime was actively rebuilding formal monetary credibility through foreign print contracts — a pattern it shared with several wartime European governments dependent on allied presses.

The engraver Garassi's contribution places this squarely in the Italian intaglio tradition. Antonio Goicoechea, one of the three signatories, had been governor of the Banco de España since 1939 and was a prominent monarchist and early Franco supporter who had met personally with Mussolini in 1934 to seek backing for the nationalist cause.

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