25 Céntimos Santa Cruz de Mudela

Santa Cruz de Mudela is a small municipality in the Ciudad Real province of Castile–La Mancha, and this 25 céntimos note belongs to the enormous wave of local emergency paper issued across Republican-held Spain during the Civil War. By 1937, the withdrawal and hoarding of metal coinage had left ordinary commercial transactions nearly impossible in hundreds of towns, forcing municipal councils to print their own fractional scrip — often on whatever paper stock was available locally, with no central oversight of design or security features.

The Garrido–Morales catalog reference places this firmly within the documented Ciudad Real regional issues, though survival rates for small-denomination municipal scrip from this province are uneven.