25 Céntimos Villanueva de la Serena

发行方	Villanueva de la Serena, Municipality of
年份	1937
类型	Emergency banknote
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货币	登录以查看详情
材质	登录以查看详情
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印刷机构	登录以查看详情
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正面描述	Plain note printed in black and green, with a wide geometric border framing the entire face and a repeating underprint of interlocked CM (Consejo Municipal) monograms in green across the central field. The denomination and issuing authority appear in bold letterpress text, with the full payment obligation legend arranged in multiple lines within the framed area.
正面铭文	登录以查看详情
背面描述	登录以查看详情
背面铭文	Ayuntamiento de Villanueva de la Serena DEPOSITARIO
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备注	Villanueva de la Serena, a town in Extremadura, sat in Republican-held territory during the early phase of the Civil War and issued its own emergency fractional currency when the Republic's small-denomination coinage effectively vanished from circulation — hoarded, melted, or simply unable to keep pace with wartime disruption. These municipal notes, known collectively as billetes locales de necesidad, were produced by hundreds of Spanish towns between 1936 and 1938, most with rudimentary printing and minimal anti-counterfeiting provisions. The official stamp is the only security feature — which tells you everything about how quickly and informally these were produced.

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