25 Céntimos Bullas

Bullas is a small municipality in Murcia, and like hundreds of Spanish towns, it issued emergency fractional paper during the Civil War when Republican-zone coinage effectively vanished from circulation after 1936. These local cartones and vales were stop-gap instruments, typically authorized by the municipal council and printed locally or by regional printers with whatever materials were available — which is why surviving examples frequently show uneven ink coverage and rough cutting margins.

The Garrido-Morayta census reference places this firmly within the documented Murcian local issues, but surviving examples are genuinely uncommon given the short-lived conditions under which they circulated.