60 Centimos Yepes

Yepes is a small municipality in Toledo province, and like hundreds of Spanish towns during the Civil War, it issued its own emergency fractional currency in 1937 when the Republic's metal coinage effectively vanished from circulation — hoarded, melted, or simply unavailable in rural areas. These cartones moneda were authorized under Republican decree but produced entirely at the local level, which explains the wild variation in quality, denomination, and longevity across issues.

Cardboard currency rarely survived daily use. Most examples found today were preserved by collectors almost immediately after issue, not pulled from circulation years later.