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50 Céntimos Los Alcázares
| Issuer | Los Alcázares, Municipality of |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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| Obverse description | Polychrome emergency note with the coat of arms of the Spanish Republic positioned to the left, accompanied by a decorative branch with leaves. The text is arranged in letterpress across the face of the note, stating the issuing authority, promise to pay, denomination, place, and date of issue. |
|---|---|
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| Reverse lettering | ALCALDIA REPUBLICANA LOS ALCÁZARES |
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| Comments |
Los Alcázares is a small coastal municipality in Murcia, and like hundreds of Spanish towns during the Civil War, it issued its own fractional paper money when Republican authorities failed to keep small-denomination coinage in circulation. The metallic shortage was severe enough by mid-1937 that local councils across the Republican zone were effectively printing their own currency — legally sanctioned under a 1937 decree but wildly inconsistent in execution.
Gari Mon #79-A suggests a single recorded type, which is typical for villages of this size. Survival rates for these municipal emissions are erratic; small-town issues were rarely saved, and many were rendered worthless and discarded before the war ended.