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| 正面铭文 | Ayuntamiento de Corral de Almaguer PAGARA AL PORTADOR DOS pesetas en billetes del Banco de España. Junio 1937 (Translation: City Council of Corral de Almaguer Will pay the bearer Two Pesetas in banknotes of the Bank of Spain. June 1937) |
| 背面描述 | Entirely plain cream card stock with no printed border or underprint, carrying only the large violet numeral '2' stamped at centre by letterpress. Two handwritten signatures appear to the left of the numeral, serving as manuscript authorisation in lieu of a formal printed signature block. |
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Corral de Almaguer is a small municipality in Toledo province, and like hundreds of Spanish towns during the Civil War, it issued its own emergency fractional currency in 1937 when Republican-zone coinage effectively disappeared from circulation — hoarded, melted, or simply absent. These municipal notes were produced entirely outside any central banking framework, typically by local print shops with whatever materials were to hand, which accounts for the card stock construction.
The Nationalist advance through Castilla-La Mancha made the operational life of most Toledo municipal emissions extremely short.