25 Céntimos Guadahortuna

Guadahortuna is a small municipality in the province of Granada, and like hundreds of Spanish towns it resorted to locally issued paper during the acute small-change shortage of the Civil War years. These consejo municipal emergency notes were produced under the authority of Republican-controlled local councils after the collapse of normal coin circulation from 1936 onward. Most were printed on whatever paper was available — sometimes letterhead stock, sometimes thin card — and the production quality varied accordingly.

Gari Mon catalogues this as 736-A, suggesting at least one variant exists within the type.