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1 000 000 000 Mark
| Issuer | Landkreis Essen (District of Essen, Prussian Province of Rhine) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
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| Reverse description | Printed entirely in green on cream paper, the reverse is enclosed by a decorative border of repeated floral rosette medallions. The central vignette presents a letterpress view of an industrial or civic building complex amid dense foliage and trees, rendered in fine line engraving. A vertical inscription in Gothic blackletter script reading '1 Milliarde Mk.' runs along the right margin. |
| Reverse lettering | 1 Milliarde Mk. |
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| Comments |
By late 1923, German municipal and district authorities were issuing their own emergency currency — Notgeld — because the Reichsbank simply could not print fast enough to keep pace with hyperinflation. The Landkreis Essen, the rural administrative district surrounding the city proper, was one of dozens of Rhenish authorities pushed into this position during the Ruhr occupation, when French and Belgian forces had cut off the region's industrial economy and the German government was funding passive resistance by printing money with abandon.
A billion marks. In circulation, this note would have bought a loaf of bread — if that.