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1 000 000 000 Mark
| Issuer | Landkreis Cochem (District of Cochem, Prussian Rhine Province) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Eine Milliarde Mark Kassenschein des Landkreises Cochem Eine Milliarde Mark Dieser Kassenschein kann jederzeit bei der Kreisgemeindekasse und der Kreissparkasse in Cochem eingelöst werden. Cochem, den 1. Oktober 1923. Der Vorsitzende des Kreisausschusses: Gültig bis ... April 1924 Regierung Coblenz (Translation: One Billion Marks Cash voucher of the Cochem District One Billion Marks This cash voucher can be redeemed at any time at the district municipal treasury and the district savings bank in Cochem. Cochem, October 1, 1923. The Chairman of the District Committee: Valid until ... April 1924 Government of Coblenz) |
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| Reverse lettering | Eine Milliarde No. [serial number] (Translation: One billion) |
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| Comments |
Cochem's billion-mark note was one of hundreds of emergency currency pieces — Notgeld — issued by German municipalities and districts during the hyperinflation of late 1923, when the Reichsbank simply could not print fast enough to keep pace with price collapses measured in hours. Landkreis Cochem, a rural administrative district on the Moselle, had no particular monetary significance; it issued this denomination because a billion marks was, by autumn 1923, barely enough for a loaf of bread.
The Rentenmark reform of November 1923 extinguished these notes almost immediately after issue, leaving large quantities unspent.