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| Issuer | Cooperativa C.N.T. Caudiel |
|---|---|
| Year | |
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| Value | 25 Centimos (0.25 ESP) |
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| Obverse description | Plain cream-coloured card stock with all text applied by letterpress in black ink. The issuer name "Cooperativa C. N. T." is set in italic serif capitals at the top, followed by "CAUDIEL" in spaced block lettering and a short central rule separating the header from the denomination statement. Below, "Vale por" appears in a lighter weight italic face above the bold, large-point "25 Céntimos" which anchors the lower half of the note. |
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| Obverse lettering | Cooperativa C. N. T. CAUDIEL Vale por 25 Céntimos (Translation: Cooperative C. N. T. Caudiel Voucher for 25 Centimos) |
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| Comments |
Caudiel is a small municipality in Castellón province, and this 25 céntimos piece is among the hundreds of locally issued emergency fractional notes — known as billetes de necesidad — that flooded Republican-held Spain after the July 1936 military uprising. The CNT-affiliated cooperative issued its own scrip because small-denomination coinage disappeared almost immediately from circulation as the war disrupted the monetary system and hoarding took hold within weeks of the coup.
Gari Mon#509-A places this squarely in the documented Valencian Community emergency issues. The thick card format was typical of municipally printed scrip, chosen for durability when proper banknote paper was unavailable.