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25 Céntimos Alcahalí

Issuer Alcaldía de Alcahalí
Year 1937
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Currency Peseta (1936-1939)
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Obverse description Letterpress-printed in red-orange on plain paper, the note is divided into two panels enclosed within a dotted geometric border. The left panel bears an oval guilloche frame containing the numeral '25' above 'CÉNTIMOS', overlaid with a circular violet official municipal stamp reading 'ALCALDÍA DE ALCAHALÍ'. The right panel carries the issuing authority title, the promise-to-pay text in Spanish, the date '14 de Mayo de 1937', and a manuscript mayoral signature beneath the caption 'El Alcalde ordenador de pagos'.
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Reverse description The reverse is entirely unprinted, consisting of plain paper bearing no text, imagery, or decorative elements.
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Comments

Alcahalí is a village in the Marina Alta comarca of Valencia — in 1937 it had a population of a few hundred people. Like dozens of other small Republican municipalities during the Civil War, the local ayuntamiento issued its own emergency fractional currency when coinage disappeared from circulation entirely, hoarded or melted almost overnight after July 1936. These village-level emissions were technically illegal under Republican monetary law but were tolerated out of necessity.

The Gari Montllor catalogue remains the primary reference for Valencian municipal issues; the #71-A designation suggests at least one variant exists within the Alcahalí 25 céntimos emission.

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