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50 Céntimos Alcaracejo

Issuer Consejo Municipal de Alcaracejos
Year 1937
Type Emergency banknote
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Reverse description The reverse, also on light blue paper, is otherwise plain save for a large oval official municipal seal applied in dark ink at centre. The stamp bears the legend CONSEJO MUNICIPAL and ALCARACEJOS around the border, enclosing a coat of arms vignette at its centre. A handwritten notation appears in the upper right corner.
Reverse lettering CONSEJO MUNICIPAL * ALCARACEJOS
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Comments

Alcaracejos is a small municipality in the northern reaches of Córdoba province, and like hundreds of other Republican-held towns during the Civil War, its ayuntamiento issued fractional emergency paper when coinage simply stopped circulating. The hoarding of metal — copper and silver alike — was near-universal by 1937, and local councils filled the gap with whatever they could produce: rubber-stamped cardboard, handwritten slips, or rudimentary printed notes carrying the council's authority as the only backing.

The Garicano Monfort reference gap signals how thinly documented this emission remains. Survivors are rare, and the official stamp is typically the only security measure distinguishing a genuine issue from a contemporary improvisation.

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