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2 Pesetas
| Issuer | Ministerio de Hacienda y Economía, República Española |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | 2 Pesetas (2 ESP) |
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| Obverse description | Brown, black, and green intaglio print over a blue guilloche underprint. At center, a front-facing allegorical female bust wearing a Phrygian cap and foliate wreath, framed by geometric lathe-work borders on either side. Denomination and issuing authority inscriptions are distributed across the note face. |
|---|---|
| Obverse lettering | REPÚBLICA ESPAÑOLA EMISIÓN 1938 2 PESETAS MINISTERIO DE HACIENDA Y ECONOMÍA CERTIFICADO PROVISIONAL DE MONEDA DIVISIONARIA FCA NAL DE MONEDA Y TIMBRE (Translation: Spanish Republic Issue 1938 Ministry of Finance and Economy Provisional Certificate of Divisionary Currency) |
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| Comments |
Spain's Ministerio de Hacienda y Economía — rather than the Banco de España — issued this note because the Republican government had effectively lost control of its central banking apparatus as the Civil War ground on. Treasury-issued fractional notes of this type were a stopgap, filling the void left by hoarded coins and the collapse of small-denomination circulation in Republican-held territory.
That the Fábrica Nacional de Moneda y Timbre was still operating in Madrid in 1938 is itself notable — the city was under siege and would fall to Nationalist forces in March 1939.