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5 Pesetas Banco de España - Santander
| Issuer | Banco de España - Santander |
|---|---|
| Year | 1936 |
| Type | Log in to see details |
| Value | 5 Pesetas (5 ESP) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | EL BANCO DE ESPAÑA / SANTANDER Pagará al portador pesetas CINCO Santander 1 de Noviembre de 1936 TIENE FONDOS / BANCO DE ESPAÑA (Translation: The Bank of Spain - Santander Will pay the bearer Pesetas Five Santander, November 1, 1936 Have funds / Bank of Spain) |
| Reverse description | Typeset reverse printed in black ink, with the large numeral '5' appearing at either side of a central text cartouche bearing the branch identification. The republican civic motto is set in capital letters along the lower margin, running the full width of the note. |
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| Comments |
The Banco de España branches briefly became autonomous issuers during the opening months of the Civil War, before the Republican government consolidated control over currency policy. Santander's branch issued this 5 Pesetas in 1936 under that improvised local authority — a practical measure rather than a planned monetary act, reflecting how quickly the institutional framework fractured after July 1936.
Santander fell to Nationalist forces in August 1937. Notes from this branch had a circulation window of roughly a year, and surviving examples often show the wear consistent with heavy local use in a city under wartime conditions.