10 000 000 000 Mark

Pirmasens was a shoe-manufacturing town in the Palatinate, and by late 1923 it was printing its own emergency currency like hundreds of other German municipalities scrambling to keep wages moving as the Reichsbank struggled to supply enough physical notes to match hyperinflation. This 10 billion Mark note is Notgeld in its terminal phase — not the decorative collector-oriented issues of 1921–22, but a purely functional instrument rushed out to cover payroll before the figures became worthless again within days.

The Rentenmark stabilization of November 1923 rendered the entire series obsolete almost immediately after issue.