50 Céntimos Ribes de Freser

Ribes de Freser is a small town in the Ripollès comarca of Girona, and like hundreds of Catalan municipalities during the Civil War, its ajuntament issued its own fractional currency when Republican-zone coinage effectively disappeared from circulation in 1937. The central government could not supply enough small change to keep local commerce running, and towns filled the gap themselves — a chaotic but pragmatic arrangement that produced thousands of distinct local emissions, most in tiny quantities.

Turró catalogues this emission, but surviving examples are scarce simply because the issuing volume was low and the notes were essentially disposable scrip.