50 Céntimos Casas Ibáñez

Casas Ibáñez is a small municipality in the province of Albacete, and like hundreds of Spanish towns during the Civil War, its municipal council issued emergency fractional currency in 1937 when Republican-zone coinage effectively vanished from circulation — hoarded, melted, or simply not minted. These local issues, collectively known as moneda local de necesidad, were authorized under a loose Republican framework that gave individual councils latitude to print their own fractional paper, with predictably uneven results in terms of design quality and redemption reliability.

The Gari Monerris catalogue reference places this within a well-documented Albacete provincial group, but survival rates for Casas Ibáñez issues are low — the town's population was under 5,000, and total print runs for councils of this size rarely exceeded a few thousand notes.