1 Peseta Cornudella de Montsant

Cornudella de Montsant is a small municipality in the Priorat comarca of Catalonia, and like hundreds of similarly sized towns it issued its own emergency paper money — *moneda local* or *val* — during the Spanish Civil War after the Republican government's decree of late 1936 effectively authorized local councils to fill the acute shortage of small-denomination coinage. The Consell Municipal turned to Imprenta De Ferrando in nearby Reus, the commercial printing hub of Camp de Tarragona, which produced emergency currency for numerous surrounding municipalities during this period.

The official stamp is the sole security feature — entirely typical of these wartime local issues, where anti-counterfeiting measures were secondary to getting something spendable into circulation quickly.