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| Issuer | Consejo Municipal de Rafal |
|---|---|
| Year | 1937 |
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| Value | Log in to see details |
| Currency | Peseta (1936-1939) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| 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) |
| Reverse description | Log in to see details |
| Reverse lettering | REPUBLICA ESPAÑOLA 50 céntimos (Translation: Spanish Republic 50 Centimos) |
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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.