0.50 Pesetas Angüés

Angüés is a small village in the Hoya de Huesca, and like dozens of other Aragonese municipalities during the Spanish Civil War, it issued its own fractional paper currency when the Republican government's small-denomination coinage effectively vanished from circulation after July 1936. These village-level emergency notes — emitted by agricultural collectives, town councils, and mixed bodies under the anarcho-syndicalist collectivization experiment — were backed by nothing more than local trust and the expectation that the war would eventually end in Republican favor.

The issuing body here, combining the agricultural collective with other local entities ("Varios"), is typical of Aragonese collectivization where CNT-aligned farmers pooled resources under improvised administrative structures. Most of these hyper-local emissions had negligible print runs and circulated within a single village economy for months at most before the Nationalist advance through Aragon in 1938 rendered them worthless overnight.