5 Pesetas Montoro

Montoro is a small municipality in the province of Córdoba, and like hundreds of Spanish towns it issued its own emergency paper currency during the Civil War after the Republic's central supply of small-denomination coinage collapsed entirely. These local emissions — called billetes de necesidad or emergency notes — were produced under the authority of whichever body controlled the town at the time; here, the Frente Popular committee.

The Gari catalogue reference places this within a well-documented but numerically vast category. Condition varies wildly across surviving examples, as wartime municipal printing was often done on whatever stock was available, and paper quality suffered accordingly.