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| Issuer | Stadtgemeinde Furtwangen (City of Furtwangen) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Schuldschein Eine Milliarde Mark schuldet die Stadtgemeinde Furtwangen dem Inhaber dieses Schuldscheines. / Der Zeitpunkt der Einlösung wird öffentlich bekannt gemacht. + + + Furtwangen, den 19. Oktober 1923. Der Gemeinderat. Nachahmung ist strafbar! |
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| Protection type | Watermark |
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| Comments |
Furtwangen, a small Black Forest town best known for its clockmaking industry, was among hundreds of German municipalities forced to print their own emergency currency during the hyperinflation of 1923. By the time a billion-mark denomination was necessary, the Reichsbank had simply lost the capacity to supply enough currency fast enough — local authorities stepped in by legal necessity, not choice. The Notgeld issued at this scale was often obsolete within days of printing, its face value consumed by inflation before the ink was dry.
Kirchberg G.m.b.H. was a local firm, which kept turnaround short. The watermarked paper suggests modest security ambition for what was, in practice, a disposable instrument.