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| Issuer | Alhama de Murcia, Municipality of |
|---|---|
| Year | 1937 |
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| Value | 25 Centimos (0.25 ESP) |
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| Obverse description | Bicolour note printed in red and green, with a geometric border framing the entire face. A vignette of the Castle of Alhama de Murcia appears to the left. Inscriptions in Spanish confirm the obligation of the municipality to pay the bearer the stated sum, with the emission year indicated. |
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| Obverse lettering | EL AYUNTAMIENTO DE ALHAMA DE MURCIA PAGARÁ AL PORTADOR VEINTICINCO CENTIMOS. EMISION = 1937 (Translation: The City Council of Alhama de Murcia Will pay the bearer Twenty-five Centimos Issue 1937) |
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| Comments |
One of hundreds of emergency fractional issues produced by Spanish municipalities during the Civil War, when the Republic's coinage had effectively vanished from circulation — hoarded, melted, or simply unavailable in rural areas. Alhama de Murcia, a small thermal spa town in the province of Murcia, issued its own local scrip out of necessity rather than any monetary ambition. These notes functioned within tight geographic limits and were theoretically redeemable at the local treasury.
Survival rates for issues at this denomination from small Murcian municipalities are low — not because of destruction, but because most were simply spent into oblivion on daily transactions during a chaotic two-year window.