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| 正面描述 | Plain cream paper with all text and border printed in dark blue-green ink by letterpress. A rectangular outer border composed of a continuous chain of small floral rosettes frames the entire note, with chamfered corners reinforcing the design. The upper register bears the issuer legend in capital letters, below which the place name and a handstamped serial number appear on the same line; the central legend in mixed-case serif type reads 'Pagaré al Camarada', with the denomination '25 céntimos' in large bold type in the lower half. |
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| 正面铭文 | ALIANZA REPUBLICANA ALCORISA Pagaré al Camarada 25 céntimos (Translation: Republican Alliance Alcorisa Will pay the Comrade 25 Centimos) |
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Alcorisa is a small municipality in the Bajo Aragón district of Teruel province, and this 25 céntimos note is one of hundreds of hyperlocal emergency issues that flooded Spain during the Civil War after the Republic's decree of June 1937 effectively authorized municipal and collective bodies to print their own fractional currency. The chronic shortage of small coin — partly caused by hoarding, partly by the collapse of normal supply chains — made these emisiones locales a practical necessity rather than a political statement.
The Alianza Republicana designation marks this as a Popular Front-aligned issuer. Survival rates for Aragonese municipal paper are erratic; many towns were cut off, changed hands, or saw their local records destroyed entirely.