2 Pesetas Fraga

Fraga is a small town in Huesca province, Aragon — and like dozens of similar municipalities during the Spanish Civil War, its local antifascist committee issued its own emergency fractional currency when the Republic's small-denomination coinage effectively vanished from circulation. These local scrip issues were a grassroots response to a real practical crisis: copper and bronze coins were hoarded or melted almost immediately after July 1936, leaving ordinary transactions impossible without substitutes.

The Comité Popular Antifascista designation marks this as an early-war issue, before the anarchist and socialist committees were consolidated or suppressed by the central Republican government in 1937. By that point, most local scrip had already been recalled or simply stopped circulating.