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| 正面描述 | Red note with a geometric border framing the entire face. The central vignette presents an allegorical composition of a standing male figure between two columns, flanked by a worker holding a sickle at left and a worker holding a hammer at right, symbolising agriculture and industry. The face value and mandatory circulation inscriptions appear within the framing design. |
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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | Green note with the face value numeral at centre, surrounded by circular guilloche patterns of geometric design. The text clauses governing exchange and issuance authority are arranged around the central value element. |
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Alcoy — the Valencian industrial town better known in numismatic circles as Alcoi — was one of hundreds of Republican municipalities forced to print their own fractional paper money after the 1936 military uprising drained metallic coinage from circulation almost overnight. The hoarding of silver and copper was near-universal, and central Republican authorities were too overwhelmed to supply adequate small change to local economies. Municipal and even trade-union issues filled the gap, producing what collectors now call billetes locales or moneda local de guerra.
Alcoy had its own particular reason to improvise: it was a significant textile manufacturing center with a dense working population needing daily small transactions. The Gari Mon catalogue remains the primary reference for these Valencian regional issues.