2 Pessetes 2nd Issue

Andorra issued its own paper currency for the first time in 1936, an emergency measure driven by the severe coin shortage afflicting the entire Pyrenean region during the early months of the Spanish Civil War. The Consell General — functioning simultaneously as the territory's parliament and executive — had no central bank, no printing infrastructure, and no established monetary authority to fall back on. These notes were produced locally under extremely modest conditions, which shows in the printing quality.

The entire 1936 series is genuinely rare. Andorra's population at the time was under 5,000, circulation was correspondingly tiny, and few notes survived the transition back to Spanish and French coinage once supply normalized.