0.50 Pesetas Ojós

Ojós is a small municipality in the Ricote Valley, Murcia — during the Spanish Civil War, hundreds of towns and villages across the Republican zone issued their own fractional paper currency to address a catastrophic shortage of small coinage. The central government had effectively lost control of monetary circulation at the local level, and municipalities like Ojós filled the gap with whatever printing resources they had available. These emergency emissions were authorized under Republican decree but produced entirely at local initiative, which accounts for the enormous variation in quality and format across issues.

The Gari Morera reference places this among the lesser-documented municipal emissions, and surviving examples are scarce simply because the quantities printed were small and the notes were essentially worthless once the war ended.