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10 000 000 000 000 Mark Reichsbanknote

Issuer Reichsbank
Year 1923
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Value 10 000 000 000 000 Mark (10 000 000 000 000)
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Obverse description The face is dominated by an ornamental rectangular frame offset to the left, with an eagle vignette and the denomination value printed in the background as an underprint. Two official seals and multiple signatures of the Reichsbankdirektorium appear along the lower portion. The denomination "10000 MILLIARDEN" is set in bold lettering within the right field.
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Reverse description The reverse is printed in a single color on plain paper with a minimal layout. The large Gothic-script inscription "Zehn Billionen Mark" appears across the upper portion, with "Reichsbanknote" above and "10000 MILLIARDEN" in bold at the lower left, the design otherwise left largely unornamented.
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By November 1923, when this denomination entered circulation, the Reichsbank was printing on one side only to save time — full two-sided notes took too long to produce against a hyperinflation that was outpacing the presses daily. The 10 trillion Mark note exists because the exchange rate against the dollar had collapsed so completely that earlier emergency issues were functionally worthless within days of release.

Stabilization came on 15 November 1923 with the introduction of the Rentenmark at 1 trillion old Marks to 1 new unit — making this note worth exactly one-hundredth of a single Rentenmark pfennig at the moment of conversion.

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