5 Céntimos Villar de los Navarros

Villar de los Navarros is a small municipality in Zaragoza province, Aragon — Republican territory during the early Civil War period but geographically close to contested front lines. The note belongs to the wave of emergency local currency that flooded Spain in 1936–37 as the Republic's central banking system fractured and small communities were left to solve their own change shortage. Hundreds of ayuntamientos issued similar pieces, most in tiny print runs, many on whatever stock was available.

The validation stamp is the only anti-counterfeiting measure — not unusual for village-level issues where trust was personal and the circulation area was a few streets wide.