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1 000 000 Mark Haslach, Hausach, Schiltach and Wolfach

Issuer Städte Haslach, Hausach, Schiltach und Wolfach
Year 1923
Type Local banknote
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Obverse lettering GUTSCHEIN
der Städte
Haslach, Hausach, Schiltach und Wolfach.
Die Kassen der genannten Stadtgemeinden zahlen gegen diesen Gutschein
im Verrechnungsweg oder, wenn möglich, in baar an den Überbringer
Eine Million Mark
Laufzeit dieses Gutscheins 4 Wochen ab Ausstellungsdatum.
Haslach i/k., Hausach, Schiltach, Wolfach,
den 18. August 1923.
Bürgermeister. Bürgermeister. Bürgermeister. Bürgermeister.
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Reverse lettering EINE MILLION MARK
1000000 MARK
1000000 MARK
HASLACH
HAUSACH
SCHILTACH
WOLFACH
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Comments

In August 1923, German inflation was accelerating so rapidly that municipal governments across the country were authorized to issue their own emergency currency — Notgeld — simply to keep local commerce functioning. These four small Black Forest towns in the Kinzig valley pooled their issue authority, an unusual joint arrangement that reflected both administrative practicality and the speed at which central bank supply had collapsed.

The million-mark denomination, unthinkable two years earlier, was already being overtaken by events within weeks of printing.

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