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5 Pesetas

Issuer Banco de España
Year 1936
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Size 110 × 60 mm
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Obverse lettering BANCO DE ESPAÑA CINCO PESETAS DE CURSO LEGAL BURGOS, 21 de Noviembre de 1936 P. EL GOBERNADOR. P. EL INTERVENTOR. P. EL CAJERO 5 LIT. M. PORTABELLA - ZARAGOZA
(Translation: Bank of Spain Five Pesetas legal tender Burgos, November 21, 1936 The Governor. The Comptroller. The Cashier)
Reverse description Brown letterpress print over a grey-blue guilloche underprint. The central field and border are filled with intricate floral and foliate vignettes forming a decorative lattice pattern, with the denomination and anti-counterfeiting warning inscription set within the design.
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Comments

Issued at the outbreak of the Civil War, this note was produced in Zaragoza — Nationalist-held territory from the very first days of the July 1936 uprising. The Banco de España's Zaragoza branch effectively operated as a semi-autonomous issuing point once the Republican government in Madrid lost control of the northern Aragonese capital, and Portabella, a local commercial lithographer rather than a specialist security printer, was pressed into service precisely because orthodox banknote production facilities were inaccessible or unreliable under wartime conditions.

The use of a commercial lithography house rather than a proper intaglio printer left these notes relatively easy to counterfeit — a known vulnerability that Nationalist monetary authorities acknowledged but could not immediately remedy.

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