25 Céntimos Zalamea de la Serena

Zalamea de la Serena is a small municipality in the province of Badajoz, Extremadura — deep in Republican-held territory during the early phases of the Civil War. Like hundreds of Spanish towns cut off from normal banking supply chains after July 1936, the ayuntamiento issued its own fractional paper to cover the catastrophic shortage of small coin that had been hoarded, melted, or simply removed from circulation within weeks of the coup.

These municipal emergency notes from Extremadura are among the most poorly documented in the Gari catalog, and survivors are typically found in rough condition — the towns that issued them often fell to Nationalist forces within months, and record-keeping was not a priority.