50 Céntimos Blanca

Blanca is a small municipality in the Segura river valley, and like dozens of similarly sized Murcian towns during the Civil War, its local authority — here the council administering seized properties — issued emergency fractional currency when Republican Spain's small-change supply collapsed entirely. These hyper-local emissions were never coordinated from above; each town improvised independently, which is why the typographic and paper quality varies so wildly even within a single series.

The issuing body's name is the detail worth noting: "Fincas Incautadas" — seized estates. The council managing confiscated landholdings was simultaneously functioning as a monetary authority. That particular administrative overlap is uncommon even among Civil War local issues.