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5 Pesetas

Issuer Banco de España
Year 1940
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Size 110 × 59 mm
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Obverse lettering BANCO DE ESPAÑA CINCO PESETAS DE CURSO LEGAL MADRID, 4 DE SEPTIEMBRE DE 1940. EL GOBERNADOR. EL INTERVENTOR. EL CAJERO 5 CINCO PESETAS
(Translation: Bank of Spain Five Pesetas Legal Tender Madrid, September 4, 1940. The Governor. The Comptroller. The Cashier 5 Five Pesetas)
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Reverse lettering 5 CINCO BANCO DE ESPAÑA 5 PESETAS CINCO PESETAS LEIPZIG - GIESECKE & DEVRIENT - BERLIN
(Translation: 5 Five Bank of Spain 5 Pesetas Five Pesetas Leipzig - Giesecke & Devrient - Berlin)
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Comments

Giesecke & Devrient printed this note in Leipzig during a period when Spain's postwar regime was actively cultivating economic ties with Nazi Germany and Fascist Italy. The printing contract fit neatly into that political alignment — several early Franco-era Banco de España issues went to G&D rather than to Spanish state printers, a deliberate choice reflecting both the regime's foreign relationships and the near-total collapse of Spain's own industrial infrastructure after the Civil War.

The 1940 5 Pesetas series is prone to toning along the edges, a known characteristic of the paper stock used across G&D's wartime Spanish commissions.

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