50 Céntimos Noves de Segre

Noves de Segre is a small municipality in the Alt Urgell comarca of Lleida, and like hundreds of Catalan towns during the Civil War, it issued its own fractional paper currency when Republican Spain's coin supply effectively collapsed after 1936. The hoarding of copper and silver — driven by wartime uncertainty — left small transactions impossible, forcing local councils to print their own emergency scrip under a decree from the Generalitat de Catalunya that authorized such issues.

The printer, C.A.M., handled a significant volume of these municipal issues out of Barcelona. Turró catalogues this as #1659, placing it within a well-documented but enormous body of Catalan Civil War locals, most of which circulated for less than two years before becoming worthless after Franco's forces consolidated control of the region in early 1939.