5 Pesetas Lopera

Lopera is a small municipality in Jaén province, and like hundreds of other Republican-controlled towns during the Spanish Civil War, its Frente Popular committee issued emergency local currency when the national supply collapsed and coin hoarding gutted day-to-day commerce. These municipal "billetes de necesidad" were produced locally — often on whatever paper or card stock was available — with no central oversight and wildly variable quality. The Lopera issue is among the humbler examples from Andalusia.

The Gari Montserrat corpus documented over a thousand such emissions; cataloguing them remains incomplete, and auction appearances are infrequent enough that accurate pricing is difficult to establish.