25 Céntimos Sagra

Sagra is a small municipality in the province of Alicante, and this note is a product of the anarchist-influenced localism that swept Republican-controlled Spain during the Civil War. When the central banking system effectively collapsed at the local level after July 1936, hundreds of municipalities across the Levante issued their own emergency paper — some backed by nothing more than municipal authority and necessity. Sagra's issue is among the more obscure.

The Garicord cataloguing under Mon#1287-A suggests limited documented survivors. Most Spanish Civil War local emergency issues were withdrawn and destroyed once the Republican government reasserted monetary control in 1937–38.