2 Pesetas Conchel de Cinca

Conchel de Cinca is a small municipality in Huesca, Aragon — exactly the kind of village that found itself issuing its own emergency paper during the anarchist-administered period of the Spanish Civil War. The CNT-FAI collectivized local economies across Republican Aragon from 1936, and dozens of tiny communities printed their own vales or concheles when coin disappeared from circulation entirely. These local issues were valid only within the issuing municipality or collective, which kept them from inflating outward but also made them worthless the moment the collective collapsed.

Thick card stock was the practical choice when proper banknote paper was unavailable — and it rarely was, this far from Barcelona.