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100 000 000 Mark Krupp
| Issuer | Fried. Krupp Aktiengesellschaft, Essen |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | The obverse carries the issuer's full title 'Fried. Krupp Aktiengesellschaft, Essen' in serif lettering across the upper portion, with the large denomination 'Hundert Millionen Mark' set in bold central type against an intricate guilloche underprint. A redemption clause in smaller text occupies the lower register, dated 8. August 1923, accompanied by two manuscript signatures of the Direktorium and a printed serial number at the foot. |
|---|---|
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| Reverse lettering | 100 Millionen 100 Millionen 100 Millionen 100 Millionen |
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| Comments |
Krupp's issuance of notgeld at astronomical denominations in late 1923 was less a banking decision than a payroll logistics problem. With hyperinflation rendering Reichsbank supply completely inadequate, large industrial employers across the Ruhr were effectively forced to print their own wages — Krupp among the most prolific, issuing notes through its own firm to pay workers before the money lost meaningful value between printing and the factory gate.
The 100,000,000 Mark face value dates this note to roughly August–October 1923, the period of most violent inflation before the Rentenmark stabilization in November ended the emergency entirely.