2.50 Pesetas Muniesa

Muniesa is a small agricultural village in Teruel, Aragon — precisely the region where anarchist collectivization ran deepest during the Spanish Civil War. The Colectividad Libre de Muniesa was one of hundreds of libertarian collectives that issued their own local scrip in 1936–37 when the Republican monetary system fragmented and coin effectively vanished from rural circulation, hoarded or melted down. These notes functioned as wage tokens and internal exchange instruments within the collective economy, not as currency in any conventional banking sense.

The 2.50 peseta denomination is characteristic of the collectives' habit of issuing odd values to match agricultural piecework rates rather than decimal convenience. Most of this village scrip was never redeemed and survived only because it was worthless after the Nationalist takeover of Aragon in the summer of 1937.