2 Pesetas Labuerda

Labuerda is a small village in the Aragonese Pyrenees, Huesca province, with a population that barely exceeded a few hundred during the 1930s. Like hundreds of similarly tiny Spanish municipalities, it issued its own emergency fractional currency during the Civil War years when Republican-zone coins vanished almost entirely from circulation — hoarded, melted, or simply gone. These hyper-local emissions were a practical fix, not a monetary policy.

The thick card construction was typical of village-level issues produced without access to proper banknote paper, often cut and stamped by the local ayuntamiento with whatever materials were at hand. Survival rates for Labuerda issues are poor — small runs, heavy local use, and no institutional interest in preservation.