50 Céntimos Térmens

Térmens is a small municipality in the Noguera comarca of Lleida, and like hundreds of Catalan and Spanish towns during the Civil War, it issued its own fractional paper money when Republican-zone coinage disappeared almost entirely from circulation after 1936. These municipal emergency notes — collectively catalogued across thousands of local issuers — were produced with whatever printing resources the town had available, which in Térmens meant something close to a rubber stamp or basic letterpress job rather than a professional print run.

Turró catalogues this piece as #2454, placing it firmly within the established corpus of Catalan war money, though surviving examples from such minor issuers are genuinely uncommon simply because original print runs were tiny and the notes were redeemed or discarded once the monetary emergency passed.