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2.50 Pesetas Velilla de Ebro

Issuer Consejo Municipal de Velilla de Ebro
Year 1937
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Value 2.50 Pesetas (2.50 ESP)
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Obverse description Printed in red throughout, the note is framed by a geometric border and carries the emblem of the Regional Defence Council of Aragon at the left, set before two mill wheels. The central field bears the denomination and issuing authority in letterpress text, with the reimbursement clause and date inscribed along the lower register.
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Reverse description Printed in red with a matching geometric border framing the design, the reverse carries a green panoramic vignette of the town of Velilla de Ebro as an underprint across the central field. The denomination and issuing authority appear in red letterpress text above the vignette.
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Velilla de Ebro is a small municipality in Zaragoza province, and like hundreds of Aragonese villages during 1937, its local council issued emergency fractional currency after metallic coin effectively vanished from circulation — hoarded, melted, or simply absorbed by the war economy. These municipal issues were technically illegal under Republican decree but tolerated out of necessity. The 2.50 pesetas denomination is an awkward one, suggesting genuine local calculation of what denominations were actually needed for market transactions rather than simple imitation of official series.

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