50 Céntimos Almatret

Almatret is a small municipality in the Segrià comarca of Lleida, Catalonia, with a population that barely reached a few hundred during the 1930s. That a village of this size was printing its own fractional currency in 1937 reflects the near-total collapse of small-denomination coinage across Republican Spain during the Civil War — metallic coins had been hoarded, melted, or simply vanished from circulation, forcing hundreds of Catalan municipalities to fill the gap with locally issued paper.

The Turró catalogue documents over a thousand such emissions from across Catalonia alone. Almatret's issue is among the more obscure, which typically means lower survival rates.