2 Pesetas Belalcázar

Belalcázar is a small municipality in the province of Córdoba, and like hundreds of Spanish towns it resorted to locally issued emergency scrip during the Civil War after small-denomination coinage effectively vanished from circulation in 1936. The Consejo Municipal issues were purely functional stopgaps — authorized at the local level, backed by nothing more than municipal credibility, and often redeemable only within the issuing town's own commerce.

The thick card stock construction was typical of municipalities that lacked access to proper banknote paper and used whatever printing resources existed locally, often a town printer working with commercial card.