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100 000 Mark
| Issuer | Stadt Duisburg (City of Duisburg) |
|---|---|
| Year | 1923 |
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| In circulation to | 1923 |
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| Obverse description | Plain cream paper note with a simple single-line rectangular border frame. The denomination 'Einhunderttausend Mark' is set in large blackletter (Fraktur) script across the upper portion, flanked on both sides by the numeral '100 000' in bold letterpress. Below, a three-line text block in Fraktur script names the redeeming institutions — the städtische Sparkasse, Stadthauptkasse, and their branches in Duisburg — followed by a smaller disclaimer paragraph, the issue date 'Duisburg, den 20. Juli 1923', and two signature lines for 'Der Oberbürgermeister' and 'Der Finanz-Ausschuß', each with a manuscript signature below. A red serial number is printed at lower left. |
|---|---|
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| Reverse lettering | Stadt Duisburg |
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| Comments |
Duisburg's municipal notgeld issues of 1923 are inseparable from the Ruhr occupation crisis. French and Belgian troops had moved into the region in January of that year to enforce reparations payments in kind, and the resulting economic paralysis — combined with the Reich's policy of passive resistance — accelerated the hyperinflationary spiral already underway. Cities issued their own emergency paper because the Reichsbank simply could not keep pace with demand for physical currency.
At 100,000 Mark, this note was a large denomination when printed; within weeks of issue, such figures were rendered trivial by the accelerating collapse. By late 1923, a single US dollar exchanged for over four trillion Marks.