25 Centimos Vall de Laguart

Vall de Laguart is a small municipality in the mountains of the Marina Alta comarca, and like hundreds of Spanish towns during the Civil War, its local government issued its own fractional currency in 1937 to address the near-total disappearance of small coinage from circulation. Republican-zone hoarding stripped the economy of anything metallic within months of the July 1936 uprising, forcing alcaldías down to the village level to print their own emergency paper.

The Turró and Garí references confirm this is a documented emission, but Vall de Laguart's issues remain genuinely scarce — the municipality's population in the 1930s numbered only a few hundred, and production runs for notes of this type were correspondingly small.