2 Pesetas San Miguel de Salinas

San Miguel de Salinas is a small municipality in the Vega Baja del Segura, and like dozens of similarly sized towns across Republican-held Spain, it printed emergency fractional currency in 1937 to address the near-total disappearance of metallic coins from circulation. Hoarding, melting, and political disruption had stripped the economy of small change; local councils stepped in because no one else would. The result was a sprawl of hyper-local paper — hundreds of distinct issues, most in tiny print runs, many on whatever stock was available.

The Gari Montané catalog remains the primary reference for these Spanish Civil War municipal emissions, and the 1308-H reference places this squarely within that documented but thinly studied series.