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50 Céntimos Elda

Issuer Consejo Municipal de Elda
Year 1937
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Size 105 × 58 mm
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Obverse lettering LA DEPOSITARÍA DEL CONSEJO MUNICIPAL DE ELDA PAGARÁ AL PORTADOR EN BILLETES DEL BANCO DE ESPAÑA CINCUENTA CÉNTIMOS DE PESETA ELDA Y MAYO 1937
(Translation: The Depositary of the Municipal Council of Elda will pay the bearer in banknotes of the Bank of Spain Fifty Centimos of Peseta. Elda, May 1937)
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Reverse lettering 50 CENTIMOS DE CURSO OBLIGATORIO EN ELDA
(Translation: 50 Centimos of mandatory circulation in Elda)
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Elda, a shoe-manufacturing town in Alicante province, was one of hundreds of Spanish municipalities that issued emergency paper during the Civil War after metallic coin disappeared from circulation almost entirely by mid-1937. The Consejo Municipal — the Republican-controlled local council — effectively became a local bank by necessity, not by any formal monetary authority.

Gari Mon catalogues this as 601-A, implying at least one variant exists within the type. Municipal issues from this region were printed in small runs, often locally, with quality that varied considerably even within a single series.

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