El País in English
How Franco banked on victory

What emerges from the book is that money is also a weapon during times of war. It may not kill, but it can sink an entire faction. The Republican peseta plummeted as a result of a carefully planned operation by the Franco side that enabled it to circulate its own pesetas, to remain independent from a monetary system whose heart it would not control until 1939, and to demoralize the enemy.

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