50 Céntimos Velilla de Ebro

Velilla de Ebro is a small municipality in Zaragoza province, and like hundreds of Spanish towns during the Civil War, its local council issued emergency fractional currency in 1937 when Republican-zone coinage effectively vanished from circulation. Small copper and silver coins were hoarded, melted, or simply ceased to be produced as the war disrupted normal monetary channels — leaving communities to print their own solutions.

These municipally issued cartones, as they were commonly called, had no backing beyond local trust and the council's authority. Most were printed in tiny runs and survived only by accident.