2 Pesetas Abarán

Abarán is a small agricultural municipality in the Segura river valley of Murcia, and like hundreds of Republican-controlled towns during the Civil War, it issued its own emergency fractional currency in 1937 when the Republic's coinage disappeared into hoards and the Madrid government could not supply adequate small change. These local emissions — collectively known as *billetes locales* or *moneda municipal* — were authorized under Republican decree but produced entirely at local initiative, meaning quality, paper stock, and even denomination choices varied town by town.

Survival rates for Abarán's issues are low. Small-town emissions were rarely saved deliberately, and post-war Francoist authorities had little interest in preserving Republican municipal paper.