2 Pesetas Villacarrillo

Villacarrillo is a small municipality in Jaén province, Andalusia, and its locally issued peseta notes belong to the wave of emergency paper money produced across Republican-held Spain during the Civil War (1936–39). When the Nationalist uprising disrupted coin supply and central banking functions simultaneously, hundreds of towns issued their own fractional and low-denomination notes simply to keep local commerce moving. Villacarrillo's 2 Pesetas note is a product of that improvised necessity.

These municipal emissions were authorized under Republican decree but produced with whatever printing resources were locally available — quality varied enormously, and many survive only in small numbers because the notes had no value once the war ended in the issuing town's area.