50 Céntimos Mahora

Mahora is a small municipality in Albacete province, and like hundreds of Spanish towns it issued its own emergency paper during the Civil War after metallic coin disappeared from circulation almost entirely by late 1936. These municipal fractional notes — locally called vales or moneda local — were produced with whatever printing resources the town had to hand, which in most cases meant a local press, rubber stamp, or even typewriter. Quality control was nonexistent by design.

The Gari Monovar catalog remains the primary reference for Republican zone municipal issues of this type, and the "A" suffix on 867A indicates a recognized variety within the series.