25 Céntimos Valsequillo

Valsequillo is a small municipality in the province of Córdoba, Andalusia, and like hundreds of similar towns during the Spanish Civil War, it issued its own emergency fractional currency when coinage effectively vanished from circulation after July 1936. These locally produced vales — printed or handstamped by whatever means the town hall had available — were never formally authorized by the Republican government but were tolerated out of necessity. The Junta Municipal was simply keeping commerce moving.

The Gari Morancho catalogue remains the primary reference for these Spanish local issues, and the 1534-A designation suggests at least one variant exists within the type.