50 Céntimos Piedrabuena

Piedrabuena is a small municipality in Ciudad Real province, Castilla-La Mancha, and this emergency local issue dates to the early phase of the Spanish Civil War, when the Republican zone faced an acute shortage of fractional coinage. The central government had lost control of silver coin circulation almost immediately after July 1936, prompting hundreds of municipios to print their own emergency vales. Gari Mon#1112-B places this within that documented wave of Consejo Municipal issues, though Piedrabuena's output was small enough that surviving examples are genuinely uncommon.

The thick card stock was a practical choice — thinner paper disintegrated quickly in daily use, and these notes were expected to function as small change indefinitely.