25 Céntimos Robres

Robres is a small village in the province of Huesca, Aragon — population in the hundreds — and like hundreds of other Spanish municipalities during the Civil War, its local council issued emergency fractional paper when coin disappeared from circulation entirely. The Republican government's 1936–37 emergency decree permitted local bodies to issue their own *moneda local*, producing one of the most fragmented and locally specific paper money systems in modern European history. Collector survival rates vary enormously; notes from the smallest towns often exist in single-digit quantities.