25 Céntimos Minaya

Minaya is a small municipality in Albacete province, Castilla-La Mancha, and like hundreds of similar towns across Republican Spain it issued its own fractional paper currency during the Civil War after the withdrawal of metallic coinage from circulation created an acute shortage of small change. These municipal emergency issues — known collectively as moneda local or billetes de necesidad — were produced under no central authority and with whatever printing resources were locally available, which accounts for the extreme crudeness of most examples.

The Gari Monovar catalogue reference places this squarely within that wartime local emission series. Survivorship is arbitrary rather than systematic.