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| Issuer | La Azucarera de Caniles (Sugar Factory of Caniles) |
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| Year | |
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| Composition | Paper |
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| Obverse lettering | LA AZUCARERA DE CANILES (GRANADA) Pagará al portador en Billetes del Banco de España, la cantidad de 2 PTAS. DOS pesetas. 2 (Translation: The Sugar Factory of Caniles (Granada) Will pay the bearer in Banknotes of the Bank of Spain, the amount of Two Pesetas.) |
| Reverse description | Plain reverse, unprinted, consistent with the utilitarian production methods typical of Spanish Civil War local emergency currency issued by private enterprises and cooperatives in the Granada province during 1936-1939. |
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| Comments |
La Azucarera de Caniles was a sugar beet processing operation in the Granada province of Andalusia, and like dozens of Spanish agricultural and industrial enterprises during the early twentieth century, it resorted to issuing its own scrip when small-denomination coins vanished from circulation — particularly acute during the Republic and Civil War years when the central government failed to supply adequate fractional currency. These factory tokens on paper, known collectively as *vales* or *moneda de necesidad*, were redeemable only at the company store or against wages, effectively tying workers' purchasing power to the issuing firm.
The Gari Monereo catalogue documents these Spanish local issues exhaustively; the 437-F designation places this among the rarer surviving examples from the Granada series.