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50 Céntimos Gisclareny

Issuer Ajuntament de Gisclareny
Year 1937
Type Emergency banknote
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Reverse description The four-barred emblem of Catalonia appears at the upper left, with the main vignette presenting the Hermitage of Sant Martí del Puig set atop a hill. The reverse carries a reimbursement declaration by the Caixa Municipal in letterpress type.
Reverse lettering AJUNTAMENT DE GISCLARENY 50 CENTIMS A REINTEGRAR PER LA CAIXA MUNICIPAL
(Translation: City Council of Gisclareny, 50 Centimos, to be refunded by the Municipal Treasury)
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Gisclareny is one of the smallest municipalities in Catalonia — historically fewer than a hundred inhabitants — which makes this note remarkable simply by virtue of its existence. During the Spanish Civil War, the Republican government's inability to maintain small-denomination coinage in circulation prompted hundreds of Catalan townships to issue their own emergency paper currency under decree. Gisclareny was among the most obscure to do so.

Printed locally at Imprenta Jaume Molins in nearby Berga, these township issues were typically produced in tiny runs and spent almost entirely within the issuing village. Survival rates are low not from destruction but from sheer scarcity at source.

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