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5 Pesetas Banco de España - Bilbao
| Issuer | Banco de España, Bilbao |
|---|---|
| Year | 1937 |
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| Size | 98 x 54 mm |
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| Obverse description | The note is framed by a geometric guilloche border, with the inscription 'BANCO DE ESPAÑA / BILBAO' across the upper register and a central circular coat of arms set against a fine-line underprint with repeated lettering. The denomination '5' and the payment obligation text are rendered in letterpress, with the place and date of issue — Bilbao, 1 de Enero de 1937 — printed in the lower portion of the face. |
|---|---|
| Obverse lettering | 5 EL BANCO DE ESPAÑA / BILBAO El Banco de España Pagará al portador CINCO pesetas BILBAO 1 de Enero de 1937 (Translation: The Bank of Spain / Bilbao The Bank of Spain Will pay the bearer Five Pesetas Bilbao January 1, 1937) |
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| Comments |
Bilbao fell to Nationalist forces in June 1937, making this one of the shortest-lived regional Republican emissions of the Civil War. The Banco de España's Bilbao branch had the authority to issue independently after Madrid's central apparatus fragmented, and Huecograbado Arte y Editorial Vasca — a local commercial printing firm, not a specialist security printer — produced the series under obvious time pressure.
The provincial origin shows in the printing quality. Intaglio security standards were not achievable under wartime industrial conditions in the Basque Country, and the notes were obsolete within months of issue.