50 Céntimos Bullas

Bullas is a small wine-producing municipality in Murcia, and like hundreds of Spanish towns during the Civil War it was forced to manufacture its own fractional paper currency when coinage effectively vanished from circulation in 1936–37. The Republican government's inability to maintain a functioning small-change supply pushed the problem down to individual ayuntamientos, many of which had no printing infrastructure whatsoever and improvised accordingly.

The Garicoin (Gari Mon) catalog documents thousands of these emergency locals, and the #372 series for Bullas is among the more obscure entries — surviving examples turn up rarely enough that condition varies wildly between the few known specimens.