25 Céntimos Villaverde de Guadalimar

Villaverde de Guadalimar is a small municipality in the sierra of Albacete province, and like hundreds of similar villages during the Spanish Civil War, its municipal council was forced to produce its own fractional emergency currency when coinage disappeared from circulation almost entirely after 1936. The Nationalist advance and the Republican government's inability to guarantee small-change supply pushed this burden onto local bodies that had no printing infrastructure and often no banking relationship to speak of.

The official stamp is the sole security measure — the entire legitimacy of the note rested on that ink impression and local recognition. Outside the village, it was worthless.