50 Céntimos Villafranca de los Caballeros

Villafranca de los Caballeros is a small municipality in the Toledo province of Castilla-La Mancha, and like hundreds of Spanish towns it resorted to locally printed emergency fractional currency during the Civil War after the Republican government's coin shortage became acute in 1936. These municipal issues — collectively known as "billetes de necesidad" — were produced under no central authority, meaning denominations, paper quality, and printing methods varied entirely by what each local council could arrange.

The Gari Montserrat catalogue remains the primary reference for this class of material, and the B suffix on this listing typically denotes a variant within the series — differing in signature, ink color, or paper stock from the A type.