50 Céntimos Mojácar

Mojácar's wartime emergency scrip belongs to the enormous category of Republican-zone local currency produced during the Spanish Civil War, when the disruption of normal banking and the hoarding of metallic coinage forced municipal councils across Spain to print their own fractional notes. The Consejo Municipal functioned as the de facto civil authority in Republican-held towns, and the authorization to issue these pequeñas emisiones came not from Madrid but from local necessity.

At 50 céntimos, this was pure subsistence-level exchange currency — meant to keep market transactions moving when nothing else would. Most of these municipal issues were printed in tiny quantities and redeemed locally; survival rates are correspondingly poor.