2 Pesetas Daimiel

Daimiel is a small town in Ciudad Real province, La Mancha — not the kind of place that would normally issue its own currency. But the collapse of the Republican monetary supply chain in 1937 forced hundreds of Spanish municipalities to print emergency fractional notes, the so-called billetes locales, simply to make change. The Banco de España had hoarded coin; small denominations effectively disappeared from circulation.

Municipal issues from this region are catalogued under Gari but remain poorly documented in terms of print runs. Most were redeemed or discarded the moment central supply resumed, which accounts for the relative scarcity of survivors in any grade.