25 Céntimos Quintana de la Serena

Quintana de la Serena is a small agricultural municipality in the Badajoz province of Extremadura, and this 25 céntimos note is one of hundreds of locally-issued emergency pieces that flooded Republican-held Spain in 1937 as the Civil War caused a catastrophic shortage of small coinage. The Consejo Municipal — the locally-constituted republican governing body — issued fractional paper out of bare necessity, not institutional ambition.

Badajoz province had already seen extreme violence by mid-1936. That this council was still functioning and issuing currency in 1937 places the note firmly within the Republican zone's fragile administrative continuity during the war's middle period.