1 Peseta Arsèguel

Arsèguel is a small municipality in the Alt Urgell comarca of Catalonia, and like hundreds of other Catalan and Spanish towns it issued its own emergency paper currency during the Civil War years of 1936–1939. The Republican government's failure to maintain adequate small-denomination coinage in circulation forced local councils, cooperatives, and even individual businesses to plug the gap themselves — these municipal emissions are collectively known as "Guerra Civil" locals or *moneda de necessitat*.

Turró catalogues this emission under #212. The thick card stock construction was typical of municipalities that lacked access to proper banknote paper and improvised with whatever the local printer had on hand.