5 Pesetas Vic; Cooperativa Obrera Pastisseria Mutua

During the Spanish Civil War, the Republican government's inability to maintain adequate small-denomination coinage in circulation forced thousands of municipalities, trade unions, and cooperatives across Catalonia to issue their own emergency paper money — the so-called "moneda de nécessitat." This note from the Cooperativa Obrera Pastisseria Mutua in Vic belongs to that wave. The issuer was a workers' mutual bakery cooperative, which makes this a genuinely unusual piece: scrip backed not by a town council or bank, but by a labor-organized food production enterprise.

Indústries Gràfiques Viladot, Barcelona's prolific printer of Catalan emergency issues, produced enormous volumes of these local notes across the conflict years.