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| 正面描述 | Plain cream card stock with all text printed in black letterpress. The large numeral '50' occupies the left half of the note in bold block type, while the right half carries three stacked inscriptions — 'Consejo Municipal / OLIVA' at the top, 'ECONOMÍA' in the centre, and 'céntimos' at the foot — each separated by a short horizontal rule. No vignette or ornamental underprint is present. |
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| 背面描述 | Plain cream reverse, otherwise blank, bearing a circular violet official stamp of the Consejo Municipal de Oliva over two manuscript signatures in violet ink, with a handwritten serial number noted in pencil in the upper right corner. |
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Oliva is a coastal municipality in Valencia, and like hundreds of Spanish towns during the Civil War, its municipal council began issuing emergency fractional currency in 1937 after Republican zone coinage effectively vanished from circulation — hoarded, melted, or simply never minted in sufficient quantity. These local issues, collectively called "billetes de necesidad," were authorized under a patchwork of regional decrees and varied wildly in execution, from professionally lithographed sheets to hand-stamped cardboard.
The Turró and Gari catalogues disagree slightly on classification, which is common for Valencia province issues where surviving documentation on authorizing resolutions is incomplete.