25 Pesetas Tivissa

Tivissa is a small municipality in the Ribera d'Ebre comarca of Tarragona, and like hundreds of Catalan and Spanish towns during the Civil War, it issued its own emergency paper money when the collapse of normal banking channels left the local economy without small change. These municipal notes — collectively documented under the Turró catalogue — were produced locally, often without professional printing equipment, and circulated only within the issuing community.

At 25 pesetas, this is a relatively high denomination for a municipal emergency issue, where most towns kept values low precisely because redemption guarantees were so fragile.