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2 Pesetas Cinco Olivas
| Issuer | Colectividad Fraternal Cinco Olivas |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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|---|---|
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| Protection type | Stamp |
| Protection description | Hand-applied entity stamp on reverse, required for the note to be considered valid as stated in the obverse legend |
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| Comments |
Cinco Olivas is a small agricultural village in Aragon, and this note was issued by its collectivized community during the brief anarcho-syndicalist experiment that swept the region after July 1936. The CNT-FAO collectives operating across Aragon effectively replaced the peseta with local scrip as a matter of ideological conviction as much as practical necessity — cash had fled, silver had vanished, and the collectives distrusted the Republican banking system nearly as much as they distrusted Franco.
The security feature here is a rubber stamp impression, typical of how these village collectives authenticated their emissions with whatever materials were available. Gari Mon catalogues dozens of such Aragonese issues; 539-D denotes a specific stamp variant, suggesting at least minor differences existed within the Cinco Olivas emission itself.