25 Céntimos Miravet

Miravet is a small municipality in Tarragona province, best known for its Templar castle above the Ebro. Like hundreds of Catalan and Aragonese municipalities during the Spanish Civil War, it issued its own fractional paper currency in 1937 after the Republic's central government proved unable to keep small-denomination coinage in circulation — silver and copper had been hoarded, melted, or simply vanished into the war economy.

These municipal emergency issues, catalogued exhaustively by Turró, were produced in tiny quantities for purely local use. Miravet's population at the time was under a thousand, which gives some sense of the print run involved.