50 Céntimos Alfara de Algimia

Alfara de Algimia is a small municipality in the Valencia province, and like hundreds of similar towns across Republican Spain, its local council issued emergency fractional currency during the Civil War after metallic coin effectively vanished from circulation. These municipal issues — collectively known as "paper de la guerra" — were a bottom-up response to a real transactional crisis, not a monetary policy decision from above. The Generalitat had its own parallel emergency program, but it couldn't reach every village fast enough.

The thick card stock construction was deliberate: towns that lacked printing infrastructure often used whatever card was available, trading durability for improvisation. The Gari Montllor catalogue remains the definitive reference for Valencian municipal issues, and the "-B" suffix here indicates a distinct variety within the type.