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50 Céntimos Rafal
| Issuer | Consejo Municipal de Rafal |
|---|---|
| Year | 1937 |
| Type | Emergency banknote |
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| Obverse description | Typeset letterpress design printed entirely in red ink on plain white paper, enclosed within a geometric border of repeating triangular and dash ornaments forming a rectangular frame. The issuer's name appears in large bold capitals at the top, followed by the bearer clause and denomination in progressively larger type, with the date and three manuscript signature lines for the Interventor, Alcalde, and Depositario occupying the lower half. |
|---|---|
| Obverse lettering | Consejo Municipal - Rafal Pagará al portador cincuenta céntimos Rafal 30 de Abril de 1937 El Interventor / El Alcalde / El Depositario (Translation: Municipal Council - Rafal Will pay the bearer Fifty Centimos Rafal April 30, 1937 The Controller / The Mayor / The Depository) |
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| Comments |
Rafal is a small municipality in the Vega Baja del Segura comarca of Alicante province, and like hundreds of similarly sized Republican-held towns during the Civil War, it issued its own emergency fractional currency when coin hoarding and metal requisitioning gutted local circulation. These municipal issues — called *billetes locales* or *moneda de necesidad* — were authorised under the economic disruption of 1936–37 and typically printed in tiny runs, often by local printers with no banknote experience.
Survival rates for Rafal's issues are low. Small-town Republican paper from this period was frequently destroyed after the Nationalist takeover, either deliberately or through neglect.