25 Céntimos Pego

Pego is a small inland town in the Province of Alicante, and like hundreds of Spanish municipalities it resorted to locally issued emergency fractional currency during the Civil War after Republican-zone coinage effectively vanished from circulation. These consejos municipales notes were produced under improvised conditions — often on whatever card stock the local administration had to hand — and the issuing authority had no formal banking infrastructure behind it.

The Gari Montllor catalogue remains the primary reference for Valencia-region emergency issues, and the D suffix here denotes a distinct subtype within the 1094 series, likely a paper or printing variation rather than a denomination change.