50 Céntimos Lladó

Lladó is a village in the Alt Empordà comarca of Girona with a population that barely reached 300 during the 1930s. That a municipal council of this size issued its own emergency currency at all is the point of interest here — during the Spanish Civil War, the Republican zone experienced a catastrophic collapse in small-denomination coin circulation, and hundreds of Catalan municipalities responded by printing their own paper fractional notes, known collectively as paper moneda local. Lladó's council was among the smallest issuers in the entire corpus.

Imprenta Trayter in Figueres handled a number of these local issues from across Alt Empordà, functioning as a regional printer for municipal authorities that had no other practical option.