5 Pesetas Torrecilla de Alcañiz

Torrecilla de Alcañiz is a small municipality in Teruel province, Aragon — an area that saw sustained and brutal fighting throughout the Civil War. Like dozens of Republican-controlled towns cut off from reliable currency supply, it issued its own emergency paper in 1937 under the broad authorization granted to local councils by the Republican government. These municipal emissions were stopgaps, often printed by whatever local press was available, and circulated only within the issuing locality.

Teruel province notes from this period are among the harder Civil War municipals to source, partly because the Nationalist advance through Aragon in spring 1938 was rapid and disruptive to whatever records existed.