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| 正面描述 | Note printed in black and blue on plain paper, with stylised trees or plant motifs in blue along the lateral margins and a red circular underprint pattern across the field. The central text block carries the promise-to-pay inscription in bold lettering, flanked by the denomination numeral. |
|---|---|
| 正面铭文 | El Consejo Municipal de RAFELGUARAF PAGARÁ AL PORTADOR 50 CTS. (Translation: The Municipal Council of Rafelguaraf Will pay the bearer 50 Centimos) |
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Rafelguaraf is a small municipality in the Valencia region, and like hundreds of similarly sized Valencian towns it issued emergency fractional currency during the Civil War after the withdrawal of metallic coinage from circulation. The Republican government's decree of 1937 authorized local councils to produce these *vales* or provisional notes to keep commerce functional at the lowest transaction levels. Most were printed on whatever stock was locally available, which accounts for the considerable variation in paper quality across surviving examples from the same series.
Gari and Turró catalogue these together as a known pairing, suggesting at least two recognized variants exist for this emission. Small-town Valencian issues at this denomination were typically redeemed — or more often simply abandoned — once the war ended, and survival rates are low.