5 Centimos Tàrrega; Cooperativa Obrera Industrial Flequera

During the Spanish Civil War, the collapse of small-denomination metallic coinage — hoarded almost immediately after July 1936 — forced hundreds of Catalan cooperatives, municipalities, and trade organizations to print their own emergency fractional scrip. The Cooperativa Obrera Industrial Flequera was a workers' bakery cooperative in Tàrrega, a small agricultural town in the Urgell comarca of Lleida province. That a bread cooperative was issuing its own currency is less surprising than it sounds; in Republican Catalonia at this moment, collectives of all kinds assumed quasi-municipal functions almost overnight.

The format is exceptionally small even by the compressed standards of Civil War vales, and paper this thin rarely survives without creasing or edge loss.