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1000 Pesetas

Issuer Banco de España
Year 1946
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Size 157 × 101 mm
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Reverse lettering 1000 BANCO DE ESPAÑA MIL PESETAS
(Translation: 1000 Bank of Spain One Thousand Pesetas)
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Protection type Watermark
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The 1946 1000 Pesetas is one of the higher-denomination notes issued by Banco de España during the early Franco period, when the regime was still pursuing economic autarky and rebuilding state institutions after the Civil War. The Fábrica Nacional de Moneda y Timbre had taken on full domestic production of Spanish currency — a deliberate policy of self-sufficiency that precluded the use of foreign printers like Bradbury Wilkinson, who had handled earlier Spanish issues.

Three signatories appear on this note, an unusual arrangement reflecting the bank's governance structure at the time. Antonio Goicoechea, one of them, had been a prominent monarchist politician before the war and a key figure in securing Italian and German military support for the Nationalist cause in 1934 — his presence on a 1946 banknote speaks to how thoroughly the Francoist establishment had absorbed pre-war conservative elites.

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