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100 000 000 000 Mark Reichsbahndirektion

Issuer Reichsbahndirektion Breslau
Year 1923
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Composition Paper
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Obverse description Blue guilloche underprint with a large numeral '100' serving as the central underprint element. A winged wheel vignette — the traditional emblem of the German railway administration — is placed at the top centre, flanked by the red serial number to the right, while the municipal seal of Breslau appears at the lower left. The central field is occupied by typeset text in German blackletter, stating the denomination, conditions of redemption, place and date of issue, and the issuing authority.
Obverse lettering REICHSBAHNDIRETTIONS BEZIRT BRESLAU NR. 632962 Gutschein uber hundert Milliarden Mark Dieser Gutschein wird von der Eisenbahnhaupttaffe in Breslau und den Eisenbahnflationstaffen des Direktionsbezirts bis zum Ublauf des 31. Dezember 1923 eingeloft. Er verliert nach diesen Tage seine Gultigleit. Breslau, 25, Oktober 1923 REICHSBAHNDIREKTION BRESLAU Reichbahndirection DRUCK VON W. B. KORN
(Translation: REICHSBAHN DIRECTION AREA BRESLAU NR. 632962 Voucher for one hundred Billion Marks This voucher will be redeemed by the railway main cashier's office in Breslau and the railway cashier's offices of the directional district until the expiry of 31 December 1923. It loses its validity after that date. Breslau, 25 October 1923 REICHSBAHN DIRECTORATE BRESLAU (signature) PRINTED BY W. G. KORN)
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The Reichsbahndirektion Breslau — the regional railway directorate, not a bank — issued emergency currency during the hyperinflationary peak of late 1923 because the Reichsbank simply could not supply enough physical notes to meet payroll and daily transactions. Railway directorates across Germany stepped in as notgeld issuers almost by bureaucratic necessity; their large workforces needed to be paid weekly, sometimes daily, in denominations that kept pace with a collapsing exchange rate.

W. G. Korn was a long-established Breslau printing house with roots in the city's commercial print trade going back centuries. Proximity mattered — local printers could turn around emergency issues faster than waiting for Berlin.

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