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2 000 000 000 Mark
| Issuer | Stadt- und Landkreis Gelsenkirchen |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Reine A NOTGELD für den Stadt- und Landkreis Gelsenkirchen Zwei Milliarden Mark Ausgegeben von dem Stadt- und Landkreise Gelsenkirchen mit Genehmigung des Reichsfinanzministers Gelsenkirchen, den 15. Oktober 1923 Der Oberbürgermeister: Der Kreisausschuß: Kreisdeputierter: MILLIARDEN |
| Reverse description | The reverse is unprinted and shows plain cream-coloured paper, with the obverse design visible in mirror image as heavy ink strike-through, a characteristic of the single-sided letterpress printing used for this emergency currency issue. |
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| Comments |
Gelsenkirchen's two-billion-mark emergency note belongs to the most extreme phase of Weimar hyperinflation — August and September 1923, when municipal authorities across the Ruhr were printing notgeld faster than the Reichsbank could supply official currency. The Ruhr occupation by French and Belgian forces beginning in January 1923 had effectively strangled coal and steel production in the region, and the German government's policy of passive resistance meant workers received strike support payments financed entirely by the money press.
At this denomination, the note was worth less in real terms by the time it crossed a shop counter than when it left the issuing office that morning.