25 Céntimos Pilar de la Horadada

Pilar de la Horadada is a small coastal municipality in Alicante province, and like hundreds of Republican-controlled towns during the Civil War, it faced an acute shortage of small-denomination coinage by 1937. The national coinage system had effectively collapsed, and local bodies — cooperatives, municipal councils, supply committees — stepped in with emergency paper. "Abastos" refers to a local supply or provisioning committee, the kind of body typically responsible for food distribution under wartime rationing, not a formal banking authority.

These hyper-local emisiones are notoriously ephemeral. Printed in tiny quantities, often on whatever stock was available, they rarely travelled beyond the issuing municipality and were frequently destroyed or simply discarded once the crisis passed.