50 Céntimos Pozuelo de Calatrava

Pozuelo de Calatrava is a small municipality in Ciudad Real province, and like hundreds of other Spanish towns during the Civil War, its municipal council issued emergency fractional currency in 1937 to address the acute shortage of small change — Republican-zone coinage had effectively vanished from circulation through hoarding and disruption. These local emissions were authorized under Republican decree but executed with whatever printing resources the town had to hand, which in most cases meant rudimentary equipment and local paper stocks.

The Garrido reference Mon#1168-B indicates a catalogued variant within the series, suggesting at least two distinct emissions or paper types are known for Pozuelo de Calatrava. Survival rates for these municipal cartones are unpredictable — some issues were printed in tiny quantities and nearly all redeemed or destroyed; others turned up in bulk hoards decades later.