50 Céntimos Mont-ral

Mont-ral is a small municipality in the Conca de Barberà comarca of Tarragona, with a population that barely reached a few hundred during the Civil War years. Like dozens of similarly tiny Catalan municipalities, it issued its own emergency fractional currency in 1937 when the Republican government's coin shortage — caused partly by silver hoarding and partly by wartime metal demands — left rural communities without any viable means of making change. These local emissions were authorized under a framework that allowed ajuntaments to print their own paper fractions, theoretically redeemable against future coinage.

Turró catalogs over 1,600 such emissions. Mont-ral's is among the more obscure.