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5 Pesetas
| Issuer | Banco de España |
|---|---|
| Year | 1938 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Printer | Giesecke & Devrient, Leipzig, Germany |
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|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed in blue and brown over a light blue guilloche underprint, the reverse is dominated by an elaborate central rosette in brown bearing a large numeral "5" surmounted by a small eagle-and-flag device, flanked symmetrically on each side by two oval guilloche cartouches inscribed "CINCO PESETAS" within scroll banners. The denomination numeral "5" also appears in blue in each corner, and the bank title "BANCO DE ESPAÑA" runs along the upper and lower borders. |
| Reverse lettering | BANCO DE ESPAÑA PESETAS 5 PESETAS CINCO PESETAS (Translation: Bank of Spain Pesetas 5 Pesetas Five Pesetas) |
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| Comments |
Giesecke & Devrient produced this note for the Nationalist-controlled Banco de España during the Civil War, when Franco's administration was working to establish financial credibility for its provisional government. The Republican zone had its own parallel currency apparatus, so both sides were issuing competing pesetas simultaneously — a situation that created lasting confusion during the post-war consolidation.
Leipzig was an unusual production site for a Spanish wartime note, but G&D had the capacity and the Nationalists had the foreign connections. The series was introduced before the war concluded, anticipating the monetary unification that would follow a Nationalist victory.