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10 000 000 000 Mark

Issuer Stadtgemeinde Meißen (City of Meißen)
Year 1923
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Currency Mark (1914-1924)
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Obverse lettering Gutschein der Stadtgemeinde Meißen über Zehn Milliarden Mark Gültig innerhalb der Stadt Meißen bis zum öffentlichen Aufruf. Einlösung erfolgt an allen städtischen Kassen. Meißen, den 25. Oktober 1923. Der Stadtrat
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Meißen's municipal notgeld at this denomination dates to the hyperinflation peak of late 1923, when the Reichsbank's own printing capacity was overwhelmed and local authorities — cities, districts, private firms — were legally permitted to issue emergency currency to keep commerce moving. The Stadtgemeinde issues were redeemable against the city's assets, though in practice the exchange mechanisms collapsed faster than the notes could circulate.

Ten billion marks. By November 1923, that sum would not have bought a loaf of bread.

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