1 Peseta Monzón

Monzón, a town in Aragón, came under anarcho-syndicalist administration during the Spanish Civil War, and like dozens of other Republican-held municipalities it issued its own emergency fractional currency when coin circulation collapsed entirely after 1936. The Consejo Administrativo governing these local collectives operated outside normal banking channels — these notes were backed by nothing more than local trust and the expectation that the Republican economy would eventually stabilize. It did not.

The Gari reference number is unassigned, which typically indicates the cataloger recorded the type but could not confirm enough surviving examples to establish a full listing. Genuine specimens from Monzón turn up rarely.