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50 Céntimos Artesa de Segre
| Issuer | Ajuntament d'Artesa de Segre (Municipal District of Artesa de Segre) |
|---|---|
| Year | 1937 |
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| Value | 50 Centimos (0.50 ESP) |
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| Obverse description | Plain rectangular design printed in red and black on plain paper stock, enclosed within a simple ruled border. The large bold text BON occupies the centre, flanked by the denomination 50 cts. at left and the issuing authority DISTRICTE MUNICIPAL D'ARTESA DE SEGRE across the top. Below, a handwritten maturity date and three manuscript signatures appear over printed role designations for Alcalde, Secretari, and Finances, with the denomination repeated in large underprint letters at lower left. |
|---|---|
| Obverse lettering | DISTRICTE MUNICIPAL D'ARTESA DE SEGRE 50 cts. BON contra la caixa Municipal venciment 12 febrer 1938 (Translation: Municipal District of Artesa de Segre 50 Centimos Bond against the Municipal Savings Bank expiration February 12, 1938) |
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| Comments |
Artesa de Segre is a small municipality in the Noguera comarca of Lleida, and like hundreds of Catalan and Spanish towns during 1936–37, its ajuntament issued emergency fractional currency to address the acute shortage of small-denomination coins — a crisis that hit hardest at the local level, where the Republican government's monetary disruption left markets essentially unable to make change. These municipal emissions were technically illegal under central banking law but tolerated, then eventually suppressed, as the Republican authorities attempted to reassert fiscal control over the war economy.
Turró's catalog documents over a thousand such local issues from Catalonia alone. Most survive in very limited quantities simply because the issuing populations were small and redemption was haphazard once the Nationalist advance through Lleida in April 1938 rendered them worthless overnight.