2 Pesetas Almadén

Almadén's municipal council issued emergency fractional currency during the Spanish Civil War, as the collapse of the Republican monetary supply left small change almost entirely absent from circulation. These local notes — issued by ayuntamientos, casinos, trade unions, and cooperatives across Republican Spain — were technically illegal under central government regulations but tolerated out of necessity.

Almadén itself was strategically significant: its mercury mines, among the richest in the world, were a major Republican asset and a target of intense Nationalist pressure throughout the war. Whether that pressure disrupted the note's actual circulation life is unrecorded.