50 Céntimos Baños

Municipal emergency scrip from the Spanish Civil War period, when hundreds of Republican-held towns across Andalucía issued their own fractional notes after coinage disappeared from circulation almost entirely in 1936. The Ayuntamiento de Baños — a small municipality in the Sierra de Jaén — would have authorized this locally, likely rubber-stamped by a war committee rather than any formal banking authority.

The Garicano-Montalvo catalog reference is incomplete, suggesting this piece remains unconfirmed or was documented too late for full classification. Thick card stock was common for these emissions precisely because it was easier to source locally than banknote paper.