25 Céntimos Almagro

Almagro's municipal council issued these small-denomination emergency notes during the Spanish Civil War, when the Republican zone suffered a near-total collapse of small change. Coin hoarding and metal requisitions for the war effort left daily commerce essentially paralysed, forcing hundreds of municipalities across Spain to print their own fractional paper. The Consejo Municipal de Almagro was one of several hundred local bodies that did so under broadly permissive Republican decree, though the notes had no formal banking guarantee behind them.

The designer credit "Mejía" almost certainly refers to a local printer or draughtsman rather than any professional printing house — the official stamp functioned as the primary authentication mechanism precisely because production facilities were improvised.