40 Céntimos Alcorisa

Alcorisa is a small municipality in the Bajo Aragón comarca of Teruel province, and like hundreds of Spanish towns during the Civil War, it issued its own emergency paper fractional currency when the Republican government's coin supply collapsed after 1936. These local issues — consells municipals, ayuntamientos, and various collectivities all printing their own — were never intended to circulate beyond the town's own market and commerce. A 40 céntimos denomination is an odd choice, uncommon even among the already idiosyncratic Spanish Civil War municipals, where 25 and 50 céntimos dominated.

Survival rates for Alcorisa issues are difficult to assess given how little documented about their total print runs.