50 Céntimos Agullent

Agullent is a small municipality in the comarca of El Comtat, Valencia. Like hundreds of Spanish towns during the Civil War, its municipal council issued emergency fractional currency — *guerra* money — to address the catastrophic shortage of small change that followed the hoarding and disappearance of coins after July 1936. These local issues were authorized under the Republican government's permissive wartime policy toward municipal scrip, though the practical oversight was essentially nil.

At 45 × 33 mm, this is among the smallest printed currency produced anywhere during the conflict. Agullent's wartime population was under a thousand — the actual circulation of this note was intensely local and probably brief.