25 Céntimos Montferri

Montferri is a municipality in the Alt Camp comarca of Tarragona with a population that barely exceeded a few hundred in the 1930s. That such a small settlement issued its own fractional currency speaks directly to the collapse of small-denomination coinage across Republican Spain in 1937 — hoarding and metal shortages had drained centimos from everyday commerce to the point where hundreds of Catalan municipalities printed their own paper substitutes. Imprenta Solé in Tarragona produced notes for numerous local councils during this period, which means the physical printing quality is reasonably consistent across the series.

Turró's cataloguing of these Catalan civil war emissions remains the authoritative reference; #1573 places this note among a vast and still-incomplete body of documented local issues.