50 Céntimos Valls

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.