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| 正面描述 | Typeset letterpress note printed entirely in red on cream paper, with a guilloche-pattern column of five stacked circular rosettes along the left margin and the denomination '0.50' at the foot of the column. The municipal coat of arms of Yecla, enclosed in a laurel wreath, is placed to the upper left of the text block. The note carries serial numbers and series designation at the top, issuer title in bold display type, the denomination 'CINCUENTA CENTIMOS' in large capitals across the centre, and the place and date 'Yecla, Mayo 1937' at lower right, with two handwritten signatures below the roles 'El Presidente' and 'El Tesorero', overlaid by a circular municipal ink stamp. |
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| 背面铭文 | CINCUENTA CÉNTIMOS Asociación del Comercio e Industria.- YECLA AUTORIZADO por el Ayuntamiento, [signature] (Translation: Fifty Centimos Trade and Industry Association.- Yecla Authorized by the City Council) |
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Yecla, a small town in Murcia, was one of hundreds of Spanish municipalities forced to issue emergency fractional scrip during 1937 as the Republican government struggled to maintain coin circulation across a fragmented war economy. The Asociación del Comercio e Industria — a local merchants' and industrialists' association — stepped in as issuing authority not out of institutional ambition but sheer necessity: copper and nickel coins had effectively vanished from everyday trade, hoarded or melted down.
These local issues were never intended to circulate beyond the town boundaries, and most were redeemed or simply discarded once the war ended. Surviving examples from Yecla are genuinely scarce in the Garicano Moner corpus, where this issue is catalogued under a single variant designation.