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1 000 000 000 Mark Reichsbanknote
| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#114 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Reichsbanknote Eine Milliarde Mark Die Reichsbank Berlin, den 20. Oktober 1923 |
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| Protection type | Watermark |
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| Comments |
By September 1923, the Reichsbank was issuing denominations in the billions simply to keep pace with daily price movements — a loaf of bread that cost 250 Mark in January 1923 would exceed 200,000 Million Mark by November. The one-billion Mark note was not an aberration; it was briefly a routine transaction unit. The Reichsdruckerei printed these at such volume that standard security protocols were compressed, and the watermark — present in earlier high-denomination issues — remained largely symbolic against a backdrop of industrial-scale overproduction.
Pick 114 was superseded within weeks by notes of still larger face values, ultimately rendered worthless by the Rentenmark stabilization of November 1923.