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25 Céntimos Cogul

Issuer Ajuntament de Cogul (Municipality of El Cogul)
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Shape Rectangular
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Obverse description Printed entirely in deep red on grey-buff card stock, the obverse carries the issuer name 'AJUNTAMENT DE COGUL' in bold uppercase letterpress at upper centre, separated from the face value inscription 'Val per 25 cts.' by a solid filled circle and a double rule underline. The guarantee text 'Garantid per la Caixa Municipal' appears in smaller type along the lower margin, also underlined. A vertical serial number is printed in red along the left edge.
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Reverse description The reverse is otherwise plain card stock, centred with a circular blue ink municipal stamp bearing the arms of Cogul and the inscription 'COGUL' along the lower arc, applied by hand as the authorising validation of the voucher.
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El Cogul is a small municipality in Les Garrigues, Lleida, and like hundreds of Catalan towns it issued its own fractional paper currency during the Spanish Civil War after the 1936 collapse of small coin circulation rendered everyday commerce nearly impossible. These local emissions — known as moneda local or paper moneda — were authorized under a July 1936 decree from the Generalitat de Catalunya, which gave municipalities legal cover to issue their own scrip rather than let markets seize up entirely.

The Turró catalogue remains the definitive reference for Catalan Civil War local issues, and 847 places this among a vast field of similar municipally-stamped emergency pieces. Survival rates for El Cogul issues are low simply because the town was small and production runs were correspondingly modest.

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