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| 正面铭文 | 10 Milliarden in the 4 corners of the rectangle. Stadt Rheydt, Zehn Milliarden Mark. zahlt Die Stadt Rheydt fur Diefen Schein. Der Zeitpunft der Einlosung wird befannt gemacht. Rheydt, 12. Oct. 1923. Der Oberburgermeister Serie P Nr. 146646 Umlaufsfahig im ganzen altbesetzten Tile des Regierungsbezirks Dusseldorf. Gultig bis 1 April 1924 (Translation: 10 Billion — City of Rheydt, Ten Billion Mark. The City of Rheydt pays for this note. The date of redemption will be announced. Rheydt, 12 Oct. 1923. The Lord Mayor. Valid throughout the old occupied parts of the government district of Düsseldorf. Valid until 1 April 1924.) |
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| 背面铭文 | 10 Milliarden Stadt Rheydt 10 Milliarden (Translation: 10 Billion City of Rheydt 10 Billion) |
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Rheydt was an industrial textile town in the Rhine-Ruhr district, and its municipal administration — like hundreds of German cities and counties — was forced to print its own emergency currency during the hyperinflation peak of late 1923. By the time ten-billion-mark notes were necessary, the Reichsbank's own printing capacity had completely broken down under demand, and local Notgeld had effectively become the functional currency of everyday commerce.
The denomination itself tells the story. August 1923 saw million-mark notes; by November, trillion-mark instruments were in circulation. This ten-billion falls squarely in the weeks when prices were doubling every few days.