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| 正面描述 | Black intaglio print over a green and ochre guilloche underprint, with red serial numbers flanking the central field. The Nationalist coat of arms of Spain occupies the central vignette, enclosed within elaborate geometric lathe-work borders typical of the period. Legends in period typeface identify the issuing authority, denomination in full, and the place, date, and titles of three authorising officials. |
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| 背面铭文 | BANCO DE ESPAÑA 25 VEINTICINCO PESETAS LEIPZIG - GIESECKE & DEVRIENT - BERLIN (Translation: Bank of Spain Twenty-five Pesetas) |
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This note was issued by the Nationalist government during the Civil War, with Burgos functioning as the de facto capital of Franco's Spain. Giesecke & Devrient had a long relationship with Spanish authorities and was the logical choice for a regime that needed credible currency fast and lacked domestic printing capacity of sufficient scale.
The series to which this belongs circulated alongside notes from earlier Republican-era issues, creating genuine confusion about legitimate tender — a problem the Nationalists addressed through increasingly aggressive demonetization decrees as territory changed hands.