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| 正面描述 | Black letterpress text within a linear border frame, with the coat of arms of the Spanish Republic printed as a green underprint on the background. The central inscription identifies the issuer as La Azucarera de Caniles (Granada) and states the obligation to pay the bearer in Bank of Spain banknotes. The denomination 0.25 céntimos appears at both left and right of the main text block. |
|---|---|
| 正面铭文 | 25 cts. LA AZUCARERA DE CANILES (GRANADA) Pagará al portador en Billetes del Banco de España, la cantidad de 0.25 CENTIMOS 0.25 (Translation: 25 Centimos The Sugar Factory of Caniles (Granada) Will pay the bearer in Banknotes of the Bank of Spain, the amount of 0.25 Centimos) |
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Caniles is a small municipality in Granada province, and like hundreds of Spanish towns during the Civil War, it issued its own fractional paper currency when coins disappeared from circulation almost entirely after 1936. These hyper-local emissions were a practical response to the hoarding and melting of metal coinage, not a formal monetary policy. The Generalísimo's forces and the Republican government alike struggled to control the proliferation.
The embossed seal was the municipality's only available anti-counterfeiting measure — and given the note's intended circulation radius of a few square kilometers, it was probably sufficient.