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5 Pesetas Instituto Nacional de la Vivienda
| Issuer | Instituto Nacional de la Vivienda |
|---|---|
| Year | 1940 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 175 x 95 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 5 PAPEL DE FIANZAS El Instituto Nacional de la Vivienda pagará al portador la cantidad de CINCO pesetas en concepto de devolución de fianza con arreglo al Decreto de 26 de Octubre de 1939 Madrid 1º. de Enero de 1940 EL DIRECTOR EL DEPOSITARIO EL INTERVENTOR CLASE E (Translation: Bonds Paper The National Housing Institute will pay the bearer the amount of Five Pesetas as a refund of the deposit in accordance with the Decree of October 26, 1939 Madrid January 1, 1940 The Director The Depositary The Controller Class E) |
| Reverse description | Log in to see details |
| Reverse lettering | INSTITUTO NACIONAL DE LA VIVIENDA 5 PAPEL DE FIANZAS (Translation: National Housing Institute 5 Bonds Paper) |
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| Comments |
The Instituto Nacional de la Vivienda was a Francoist housing authority, not a bank — its authority to issue circulating notes in 1940 derived from the severe coin shortage that plagued Spain in the immediate postwar years. The scarcity of small denomination metal coinage forced numerous non-banking institutions, municipalities, and even private firms to fill the gap with paper substitutes during this period.
These INV notes circulated at face value but were redeemable only through the issuing body, which made them functionally local scrip rather than true legal tender. Printed by the Fábrica Nacional de Moneda y Timbre in Madrid, which handled most official Spanish printing work of the regime.