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50 Céntimos Caniles

Issuer La Azucarera de Caniles
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Size 55 × 41 mm
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Obverse lettering 0,50 CTS. LA AZUCARERA DE CANILES (GRANADA) Pagará al portador en Billetes del Banco de España, la cantidad de 0.50 céntimos. 0.50
(Translation: 50 Centimos The Sugar Factory of Caniles (Granada) Will pay the bearer in Banknotes of the Bank of Spain, the amount of 0.50 Centimos)
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Protection description An embossed relief seal applied to each note; any note lacking this seal is declared void per the reverse legend.
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Comments

La Azucarera de Caniles was a sugar beet processing company in the Granada province of Andalusia, and like dozens of similar industrial enterprises during the Spanish Civil War period, it issued its own emergency fractional currency when small change effectively disappeared from circulation. These industrial vales — company scrip functioning as local tender — were a widespread improvisation across Republican-held territory after 1936, when copper and silver coins were hoarded or melted and the central authorities could not supply adequate substitutes.

The embossed seal is the only security measure, which says something about both the urgency of production and the intensely local nature of the note's intended use. Nobody outside the immediate area was meant to accept it.

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