25 Céntimos Oliana

Oliana is a small town in the Alt Urgell comarca of Catalonia, and like hundreds of other Catalan municipalities during the Civil War, it issued its own emergency paper fractional currency when the Republican government's coin supply collapsed after 1936. The Generalitat de Catalunya formally authorized these local emissions under a decree that year, giving otherwise obscure town councils the legal cover to print their own money — a bureaucratic solution to a very practical crisis.

Imprenta El Secretariat Català in Barcelona handled a significant volume of these municipal notes, which gives this piece better production quality than some rural equivalents printed on whatever stock was locally available.