50 Céntimos Campello

Campello — a small coastal municipality in the province of Alicante — issued emergency paper money during the Spanish Civil War under the authority granted by the Republican government's decree of late 1936, which permitted local councils to produce fractional currency to address the acute shortage of coin. The coinage had effectively disappeared from circulation: hoarded, melted, or simply absent in a wartime economy running on fear. Hundreds of Spanish municipalities did the same, producing what collectors now call "guerra civil" local issues, and the variation in quality and survival rates is enormous.

Campello's issues are among the less documented of the Valencian province series. The Gari catalogue remains the principal reference for these municipal emissions.