100 000 000 Mark Reichsbahndirektion

The Reichsbahndirektion Halle (Saale) issued this 100-million Mark note during the catastrophic inflation peak of late 1923, when the German national railway administration's regional offices were among the countless non-bank entities authorized to print emergency currency — Notgeld — simply to meet payroll. Railway workers could not wait for centrally printed notes to arrive; the money lost meaningful value within hours of issuance.

Locally printed emergency issues from the Reichsbahn directorates are frequently encountered with minor typographic inconsistencies between batches, as printing was often contracted out in haste to whatever press could handle the job quickly.