25 Pesetas

发行方	Banco de España
年份	1938
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印刷机构	Giesecke & Devrient, Leipzig, Germany
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背面描述	Black and grey intaglio print over a green and ochre guilloche underprint. The central vignette presents La Giralda of Seville set within a classical portico flanked by two columns, with a radiant sun rising behind the tower. Geometric lathe-work borders frame the entire composition, with the printer's imprint rendered in the lower margin.
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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备注	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.

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