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50 Céntimos Santa Cruz de Mudela

Issuer Santa Cruz de Mudela, Municipality of
Year 1937
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Value 50 Centimos (0.50 ESP)
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Obverse description Printed in light blue, the note presents a geometric perimeter frame enclosing a central vignette of two traditional La Mancha-style windmills. The letterpress text block carries the issuing authority and denomination in capital letters, arranged above and below the vignette. The overall design is characteristic of the austere, locally produced wartime emergency issues of the Spanish Civil War period.
Obverse lettering EL CONSEJO MUNICIPAL DE SANTA CRUZ DE MUDELA (CIUDAD - REAL) pagará al portador CINCUENTA CENTIMOS Emisión 1937
(Translation: The Municipal Council of Santa Cruz de Mudela (Ciudad Real) will pay the bearer Fifty Centimos Issue 1937)
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Comments

Santa Cruz de Mudela is a small municipality in the province of Ciudad Real, and like hundreds of Spanish towns during the Civil War, it issued its own emergency paper fractional currency when Republican-zone coinage disappeared from circulation almost entirely in 1936–37. The hoarding of metal — copper and silver alike — left local economies unable to make change, and municipal councils stepped in as de facto monetary authorities out of practical necessity, not political ambition.

The Garrido Montijano reference places this among the better-documented provincial emissions, though survival rates for these small-denomination local notes are uneven. Many were redeemed and pulped once normal circulation resumed.

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