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2 000 000 Mark

Issuer Kreisgemeinde Pfalz (District Community of the Palatinate)
Year 1923
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Shape Rectangular
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Obverse description Cream-toned notgeld note with a large watermark-style vignette of the Palatinate coat of arms — a rampant lion — printed as a pale underprint across the centre. The denomination 'Zwei Millionen Mark' is set in bold blackletter script in purple ink, with the numeral '2 000 000 Mark' repeated below in roman type. A dotted-border text panel in the lower half carries the redemption and liability clause, while the serial number is printed in black at upper right. The issue place and date 'Speyer a. Rh., 11. August 1923' appear at lower left, with the issuer's name 'Kreisgemeinde Pfalz' at centre below, followed by multiple manuscript signatures.
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Reverse lettering NOTGELDSCHEIN KREISGEMEINDE PFALZ
ZWEI MILLIONEN MARK
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Comments

The Kreisgemeinde Pfalz was one of countless regional German authorities forced into emergency currency production during the hyperinflation of 1923, when the Reichsbank simply could not supply enough physical notes to meet demand. By the time denominations like this 2,000,000 Mark note were being issued, the face value was becoming obsolete within days of printing — the Speyer presses were racing a losing battle against price levels doubling weekly.

The Palatinate had a further complication that most German districts did not: French occupation forces had controlled the region since 1919 under the terms of Versailles, creating a layer of political friction around any locally issued currency.

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