5 Céntimos Montoro

Montoro is a municipality in Córdoba province, and like hundreds of Spanish towns during the Civil War, its ayuntamiento issued small-denomination emergency paper to address the acute shortage of coins that followed the Republican government's monetary disruption of 1936–37. The 5 céntimos was the smallest practical unit, and notes at this denomination were often printed in runs of just a few hundred on whatever stock was available locally.

At under 5 cm wide, these municipal fractional notes suffered attrition fast — folded into palms, soaked through, discarded once the emergency passed. The Gari catalog remains the authoritative reference for Spanish Civil War local issues, and the Mon#962-C designation places this within a documented Montoro series, though surviving specimens are infrequent.