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50 Céntimos Valls

Issuer Ajuntament de Valls (Municipality of Valls)
Year 1937
Type Emergency banknote
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Obverse description Printed in green on cream paper, the obverse centres on the municipal coat of arms of Valls flanked by a vignette of industrial factories to the left and a rural landscape to the right. Letterpress text above and below the central vignette carries the issuing authority name and denomination in Catalan. A formal block of authorisation text, dated 19 May 1937, runs across the lower half of the note.
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Reverse description Printed entirely in green on cream paper, the reverse presents a large bold numeral '50' at centre within an oval cartouche of fine radiating line work and decorative scroll ornaments. The issuer name arcs across the top in letterpress, with the denomination 'CENTIMS' below the numeral and a curved banner reading 'De circulació a Valls' at the foot. Series letter and a red serial number appear in the upper corners, with the printer's imprint at lower left.
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During the Spanish Civil War, the Republican zone suffered an acute shortage of fractional coinage — silver had been hoarded or melted, and the central government could not adequately supply small change to every corner of Catalonia. Hundreds of municipalities responded by printing their own emergency paper, known collectively as paper moneda local or moneda de paper. Valls, a town in the Alt Camp comarca of Tarragona province, was one of them.

Imprenta E. Castells was a local press — this was municipal self-sufficiency in the most literal sense, the note designed, printed, and circulated within the same town. Turró catalogs over three thousand distinct local emissions from this period; #2690 places Valls among the mid-tier emitters by volume.

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