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50 Pesetas Banco de España - Gijón

Issuer Banco de España - Gijón
Year 1937
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Value 50 Pesetas (50 ESP)
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Obverse lettering EL BANCO DE ESPAÑA / GIJÓN PAGARÁ AL PORTADOR CINCUENTA PESETAS TIENE FONDOS BANCO DE ESPAÑA EMISIÓN SEPTIEMBRE 1937
(Translation: The Bank of Spain - Gijón Will pay the bearer Fifty Pesetas Have funds Bank of Spain Issue September 1937)
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Reverse lettering BANCO DE ESPAÑA 50 PAZ Y TRABAJO
(Translation: Bank of Spain 50 Peace and Work)
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Comments

During the Spanish Civil War, the Republican government authorized regional branches of the Banco de España to issue their own emergency notes as the normal supply chains for currency collapsed. The Gijón branch issued this 50 Pesetas in 1937 while the city remained under Republican control — Asturias held out until October of that year, when Franco's forces completed their northern campaign and the region fell. Notes issued from this branch had an exceptionally short window of legitimate use.

Because Gijón was cut off from the rest of Republican Spain by mid-1937, these notes circulated in an effectively besieged economy. Survival rates are consequently low — not from destruction policy, but from the chaos of the siege's end.

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