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| 正面铭文 | No [serial number] VALE por 25 céntimos a responder de cantidad depositada en la Caja de este Ayuntamiento. San Miguel de Salinas, Febrero de 1937 El Secretario-Interventor, Imp. alonso Novelda Control U. G. T. (Translation: Worth 25 céntimos, to be backed by funds deposited in the Treasury of this Municipality. San Miguel de Salinas, February 1937. The Secretary-Comptroller.) |
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| 背面铭文 | SAN MIGUEL DE SALINAS |
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San Miguel de Salinas is a small municipality in the Vega Baja del Segura, and this 25 céntimos note is a product of the Republican zone's acute small-change crisis of 1936–37. With metal coinage hoarded or melted down almost immediately after the July 1936 uprising, hundreds of Spanish ayuntamientos were forced to print their own fractional paper — legally sanctioned under a Republican government decree that gave local authorities temporary emergency issuing rights.
The UGT control stamp at the printer, Imp. Alonso in Novelda, reflects the anarcho-syndicalist and socialist union committees that took operational control of many private businesses in the Levante during the war. The stamp isn't decorative — it was the union's assertion of oversight over the production run.