50 Céntimos Ayódar

Ayódar is a small municipality in Castellón province, and like hundreds of similar towns across Republican-held Spain, it issued its own emergency fractional currency during the Civil War to address a severe shortage of small coin — silver and copper having vanished from circulation almost immediately after July 1936. These local emissions were authorized under a 1936 decree permitting municipalities to print their own low-denomination notes, which produced an extraordinary patchwork of hyper-local paper across the Republican zone.

The Gari catalogue remains the principal reference for these Castellón municipal issues. Survivorship is often a matter of luck rather than quantity printed — small-town emissions were rarely redeemed formally, and many simply disappeared with the communities that issued them.