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25 Pesetas Banco de España - Santander

Issuer Banco de España - Santander
Year 1936
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Reference(s) P#S583
Obverse description Typeset letterpress emergency issue printed in black on pale unadorned paper, enclosed within a plain rectangular ruled border. The upper portion carries the issuing authority legend in block lettering, while the denomination in words and the date and place of issue are arranged in the central text field. A central oval vignette divides the inscription, with the denomination spelled out in full in a line below.
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Reverse description The reverse is printed in letterpress within a plain ruled border, centred on the coat of arms of the Spanish Republic flanked at left and right by the numeral 25 in large figures, with SANTANDER inscribed across the centre. A large diagonal BANCO DE ESPAÑA overprint runs across the field, and the republican motto appears along the lower margin.
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Comments

The Banco de España branches in Nationalist-held cities issued their own regional notes in 1936 following the fracture of the Republic's central banking authority at the outbreak of the Civil War. Santander's branch produced this 25 Pesetas as a stopgap measure — Madrid no longer controlled the northern offices, and local commerce needed a functioning medium of exchange almost immediately.

Santander fell to Franco's forces in August 1937, after which these regional emissions were withdrawn and consolidated into the Nationalist monetary framework. The note's circulation window was under a year.

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