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| 正面描述 | Printed in black letterpress on pink paper, the obverse is enclosed within a plain rectangular border frame. The issuing authority appears in two lines at the top reading CONSEJO MUNICIPAL and VILLANUEVA DE ALCOLEA, separated from the lower section by a thin rule; below, a handwritten serial number prefaced by Núm. is followed by the bearer clause Pagará al Portador and the denomination 0`50 cts. in bold type. |
|---|---|
| 正面铭文 | CONSEJO MUNICIPAL VILLANUEVA DE ALCOLEA Núm. Pagará al Portador 0`50 cts. (Translation: Municipal Council Villanueva de Alcolea Number: Will pay the bearer 0.50 Centimos) |
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Villanueva de Alcolea is a small municipality in Castellón province, and like hundreds of Spanish towns during the Civil War, its local council issued emergency fractional currency when Republican-zone silver coinage vanished almost entirely from circulation by mid-1937. The Consejo Municipal filled the gap with locally printed paper — the 50 céntimos being the most common denomination needed for everyday market transactions.
The Gari Monetary catalog documents two variants for this emission; this is the B type, distinguished by minor printing differences from its companion issue. At 55 × 42 mm, it is among the smallest paper money produced during the war, reflecting the purely functional, zero-frills approach of wartime municipal printing operations in rural Valencia.