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100 000 000 000 Mark Reichsbanknote
| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1873-1923) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REICHSBANKNOTE EIN HUNDERT MILLIARDEN MARK ZAHLT DIE REICHSBANKHAUPTKASSE IN BERLIN GEGEN DIESE BANKNOTE DEM EINLIEFERER. VOM 1. FEBRUAR 1924 AB KANN DIESE BANKNOTE AUF- GERUFEN UND UNTER UMTAUSCH GEGEN ANDERE GESETZLICHE ZAHLUNGS- MITTEL EINGEZOGEN WERDEN BERLIN, DEN 26. OKTOBER 1923 REICHSBANKDIREKTORIUM 100 WER BANKNOTEN NACHMACHT ODER VERFÄLST, ODER NACHGEMACHTE ODER VERFÄLSCHTE SICH VERSCHAFFT UND IN VERKEHR BRINGT, WIRD MIT ZUCHTHAUS NICHT UNTER ZWEI JAHREN BESTRAFT |
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| Protection type | Watermark |
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| Comments |
By the time this note was authorized in late October 1923, the Reichsbank was issuing denominations that would have been unimaginable eighteen months earlier. The 100 billion Mark note sits near the top of the hyperinflationary spiral that saw the Mark lose essentially all value between the summer and November 1923 — when Stresemann's government finally introduced the Rentenmark at a conversion rate of one trillion old Marks to one new unit.
Printing at this scale created genuine logistical problems. Paper supply, ink, and press time were all strained; some notes from this period were printed on one side only, or on whatever stock was available. P#126 was produced in Berlin, but regional emergency issuers were simultaneously flooding the country with their own Notgeld to compensate for the Reichsbank's inability to keep up with demand.
Circulation life was measured in hours.