Here is 5 trillion marks bill. This is an emergency money bill or so called Notgeld issued by city of Duisburg with printed city major signature on it. Adam Fergusson in "When Money Dies" gives an explanation for Notgeld/Geldscheine existence:
Because the Reichsbank's printing presses and note-distribution arrangements were insufficient for the situation, a law was passed permitting, under licence and against the deposit of appropriate assets, the issue of emergency money tokens, or Notgeld, by state and local authorities and by industrial concerns when and where the Reichsbank could not satisfy employers' needs for wage-payment. The law's purpose was principally to regularise and regulate a practice which had gone on extensively for some years already, with the difference that authorised Notgeld would now have the Reichsbank's guarantee behind it. Before long, as that guarantee became increasingly less esteemed, the tide of emergency money that now entered local circulation, with or without the Bank's approval, contrived enormously to raise the level of the sea of paper by which the country was engulfed. As the ability to print money privately in a time of accelerating inflation made possible private profits only limited by people's willingness to accept it, the process merely banked up the inflationary fire to ensure a still bigger blaze later on.
Notgeld gave German Weimar Republic hyperinflation such a distinctive feature because they were very different. William Guttman and Patricia Meehan in their book "Great Inflation: Germany, 1923" provide additional facts about Notgeld issuance:
1913 6,000 millions 1914 8,703 millions 1915 10,050 millions 1916 12,315 millions 1917 18,458 millions 1918 33,106 millions 1919 50,173 millions 1920 81,628 millions 1921 122,963 millions
Reader should take into account that these numbers are for quasi-money, not Reichsbanknotes, an official German Central bank currency.
In 1922 it rose to 1,295 milliards, and, in October 1923, reached the sum of 2:5 trillions. By the middle of November 1923, it had risen to 92 trillions, and at the same time the total amount of all kinds of emergency "Money in circulation topped the figure of 500 trillions.
It is barely visible but there is a date on the bill 23rd September 1923 and this date makes nominal value of the bill perfectly understandable. This bill is quite interesting by its modernist design and stylized city crest visible on it.
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