50 Céntimos Águilas

One of hundreds of local emergency issues that flooded the Republican zone during the Spanish Civil War, when the hoarding of metal coinage created an acute shortage of small change. Municipal councils, trade unions, and local committees across Spain printed their own fractional paper to keep markets functioning — Águilas, a small fishing and mining port on the Murcia coast, was no exception. The Ayuntamiento's authority to issue was de facto rather than formally delegated; the central Republican government eventually tried to suppress these emissions in 1938, but by then they were everywhere.

The Gari Monetary catalog distinguishes a B variant for this value, suggesting at least one printing or paper difference from the base type.