25 Pesetas Alloza

Alloza is a small municipality in Teruel, Aragon — one of hundreds of Republican-controlled towns that issued its own emergency scrip during the Spanish Civil War after the banking system collapsed and small-denomination coinage vanished from circulation almost overnight in 1936. These local issues, produced by collectives (colectividades) operating under anarchist or socialist administration, were often printed on whatever materials were available and accepted only within the issuing community's boundaries.

The Colectividad de Alloza issues are among the more obscure Aragonese scrip, with very limited documentation of surviving quantities. At 25 pesetas, this is a relatively high denomination for a village collective issue.