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| 正面描述 | Typeset letterpress note printed in black ink on plain white paper, enclosed within a rectangular double-rule border. The upper and lower margins carry a continuous row of interlocking circle ornaments, while the vertical side borders repeat a chain of individual ring motifs, with small foliate sprigs at each corner. The municipality name appears at upper left, with a handwritten serial number at upper right, the promise-to-pay legend in the centre, and the denomination in bold type in the lower half; a manuscript authorisation signature appears below the denomination. |
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| 正面铭文 | ALCORISA Pagaré al Camarada 50 céntimos (Translation: Alcorisa Will pay the Comrade 50 Centimos) |
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Alcorisa is a small municipality in Teruel province, Aragon. Like hundreds of Spanish towns during the Civil War, it issued its own fractional paper currency in 1936 after the Republic's coinage effectively vanished from circulation — hoarded, melted, or simply absent in the chaos following the July uprising. These local emergency emissions were technically illegal under existing monetary law but were tolerated out of necessity.
Teruel province saw some of the war's most brutal fighting. Whether this particular note ever circulated for long before the front moved is an open question.