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| 正面描述 | Letterpress-printed in red on cream paper within a decorative geometric border of repeating hatched and scalloped elements, the obverse bears the issuing authority legend in bold capitals at the top, with the denomination in large display type at centre, separated from the place and date of issue by a thin rule. A boxed inscription in the lower left reads 'República Española'. Three manuscript signatures with their respective role titles — Interventor, Alcalde, and Cajero — occupy the lower central field. |
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| 背面铭文 | 25 céntimos Serie A |
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Mula is a small municipality in the Murcia region of southeastern Spain. Like hundreds of Spanish towns during the Civil War, it issued its own emergency fractional paper currency in 1937 when Republican-controlled areas faced a severe shortage of metallic coinage — silver and copper had largely disappeared from circulation through hoarding and wartime disruption. These locally produced notes, collectively known as billetes locales or moneda de necesidad, were authorized under Republican decree but designed, printed, and backed entirely at the municipal level, with wildly varying quality and longevity.
Mula's issues are among the more obscure Murcian examples catalogued by Gari. Survival rates for small-municipality Spanish Civil War fractionals are unpredictable — some series were recalled and pulped within months of issue, others simply stopped circulating when the war ended.