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50 Pesetas Banco de España - Bilbao
| Issuer | Banco de España, Bilbao |
|---|---|
| Year | 1936 |
| Type | Log in to see details |
| Value | 50 Pesetas (50 ESP) |
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| Composition | Log in to see details |
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| Obverse description | The left portion of the note is occupied by a tall intaglio-printed vignette of the Bank of Spain monogram cartouche, with an interlaced 'BE' cipher set within an ornate guilloche border and vertical text 'BANCO DE ESPAÑA' along the left margin. To the right, the denomination numeral '50' appears as a large pale underprint across the centre of the note, with the promise-to-pay text rendered in a flowing script above the issuing branch designation 'BILBAO'. A rubber validation stamp dated '1 SEP. 1936' and applied in violet ink, reading 'POR EL BANCO DE VIZCAYA / El Contador', appears in the lower right quadrant alongside a manuscript signature. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain paper reverse with a sparse typeset layout. The certification legend 'Tiene fondos.' appears in italic type at the centre upper area, followed by the issuing institution name in spaced capital letters. A manuscript signature is applied below the institution name, and a further violet ink stamp appears vertically along the lower right edge. |
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| Comments |
This note belongs to a short-lived regional emission authorized after the Nationalist uprising of July 1936 fractured Spain's banking system. Bilbao, then under Republican control, was one of several regional branches of the Banco de España that issued notes independently once communication with Madrid broke down — a practical response to an immediate cash shortage, not a planned monetary reform.
The Basque regional government assumed de facto authority over the branch by late 1936. When Bilbao fell to Nationalist forces in June 1937, remaining stocks were suppressed and surviving circulated examples became considerably harder to find.