10 Axarcos La Axarquía

The Axarco was a local complementary currency introduced in the Axarquía comarca of Málaga province during the late 1980s, circulating among a network of small producers and traders as an alternative exchange medium during a period when rural Andalusian communities were experimenting with cooperative economics outside the peseta system. La Alquería del Gamal, the issuing entity behind this note, was an agricultural cooperative near Vélez-Málaga run by Antonio Gámez Burgos — one of the more idiosyncratic figures in Spain's localist economic revival of that decade.

These notes were never legal tender and carried no redemption guarantee from any banking authority. Survival rates are low; most were redeemed within the network and discarded.