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25 Centimos El Masnou; Laboratoris del Nord d'Espanya

Issuer Laboratoris del Nord d'Espanya (L.N.E.), El Masnou
Year 1937
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Currency Peseta (1936-1939)
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Obverse description Letterpress-printed in black on plain paper stock, with a geometric border frame enclosing the text field and a green geometric underprint in the background. A circular emblem of the L.N.E. (Laboratoris del Nord d'Espanya) appears at the lower portion, with denomination and serial number in black typeface.
Obverse lettering 25 cèntims
Aquest val, per faciliar canvi, únicament té eficàcia dintres els L. N. E. i entre els seus empleats. Cada vint vals seran cancel·lats a caixa.
29-IV-1937 . 4.000 Núm. 0010
LNE
(Translation: 25 Centimos
This voucher, to facilitate exchange, is only valid within the Laboratories of Northern Spain and among their employees. Every twenty vouchers will be cancelled at the cashier.
April 29, 1937)
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Comments

Laboratoris del Nord d'Espanya was a pharmaceutical manufacturer based in El Masnou, a coastal town north of Barcelona. Like hundreds of Catalan businesses, cooperatives, and municipal bodies, L.N.E. issued its own emergency fractional currency in 1937 when the Republican government's coin supply collapsed under wartime hoarding and metal shortages. These privately issued paper fractions — collectively catalogued under the *Arxiu Local* (AL) system — are among the most idiosyncratic products of the Spanish Civil War period.

A pharmaceutical company printing its own money is not an anomaly for 1937 Catalonia. It is the rule.

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