5 Pessetes 2nd Issue

Andorra had no central bank in 1936 — it still doesn't, technically — so when the Civil War cut off reliable access to Spanish and French currency, the Consell General stepped in with emergency paper. The second issue of the 5 Pessetes was part of a tiny wartime emission that circulated almost entirely within the valleys themselves, supplementing an economy that had relied almost exclusively on coin.

Surviving examples are genuinely rare. The total print runs for the entire 1936 Andorran emergency series were minuscule, and much of what circulated was lost, destroyed, or simply worn out by the rough handling typical of crisis-period small denomination notes.