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25 Céntimos Villarluengo
| Issuer | Colectividad de Villarluengo |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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|---|---|
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| Signature(s) | Francisco Balfagón (Secretary), José Balfagón (Treasurer) and Francisco Sangüesa (Accountant) |
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| Protection description | Manuscript or rubber stamp of the Colectividad de Villarluengo applied to the reverse to validate each note, as indicated by the obverse text. |
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| Comments |
Villarluengo is a small mountain village in the Maestrazgo region of Teruel, Aragon — during the Civil War, one of hundreds of rural communities that collectivized under anarchist influence and issued their own local paper scrip when the national currency supply collapsed. These village-level emissions were purely functional: the collectivity needed a medium of exchange that could only circulate within its own controlled economy, preventing capital from leaving the community.
Three signatories across Secretary, Treasurer, and Accountant roles — two sharing the Balfagón surname — suggests a tight-knit administrative circle, almost certainly drawn from the village's small permanent population. The rubber stamp serves as the sole security feature, which was entirely typical for Maestrazgo emissions of this period where printing infrastructure simply did not exist.