25 Céntimos Cartagena

Cartagena was a Republican naval stronghold throughout the Civil War, and its municipality — like dozens of others across loyalist Spain — was forced to issue its own fractional paper currency after the Republic's small-denomination coinage disappeared almost entirely from circulation in 1936. Hoarding, melting, and the sheer disruption of war had stripped the streets of coins. Local emergency notes like this one filled a genuine transactional gap, not a ceremonial one.

Municipal emissions from this period vary wildly in survival rates. Cartagena's proximity to an active warfront meant many notes were lost or destroyed before the city fell to Nationalist forces in March 1939.