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1000 Pesetas Banco de España - Bilbao

Issuer Banco de España, Bilbao
Year 1937
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Size 160 × 106 mm
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Obverse lettering 1000 EL BANCO DE ESPAÑA / BILBAO El Banco de España Pagará al portador MIL pesetas BILBAO 1 de Enero de 1937
(Translation: The Bank of Spain / Bilbao The Bank of Spain Will pay the bearer One Thousand Pesetas Bilbao January 1, 1937)
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Reverse lettering BANCO DE ESPAÑA 1000
(Translation: Bank of Spain 1000)
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Comments

Bilbao's isolation during the Basque campaign of 1937 made independent currency issuance a practical necessity. The Basque regional government, operating under its statute of autonomy, authorized Banco de España branches in Republican-controlled territory to issue their own notes — a fragmentation of what had nominally been a unified national bank. This note is a direct product of that administrative fracture.

Huecograbado Arte y Editorial Vasca was a local commercial printing firm pressed into emergency service. The result is competent but visibly modest against Madrid-era production standards. Bilbao fell to Nationalist forces on 19 June 1937, cutting the note's circulation window to a matter of weeks.

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