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2 000 000 Mark

Issuer Stadtrat Regensburg (City Council of Regensburg, Bavaria)
Year 1923
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Printer Gebr. Habbel, Regensburg
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Obverse lettering Zahlungsanweisung
Zwei Millionen Mark
2000000 MARK
Dieser Schein gelangt zur Ausgabe unter der Haftung des unterfertigten Stadtrates. Die Einlösung erfolgt in allen Regensburger Banken und Bankgeschäften mit Ausnahme der Reichsbank.
Regensburg, den 25. August 1923
Stadtrat Regensburg
Bürgermeister
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Reverse lettering 2000000
RATISPONENSIVM SECRETVM CIVITVM
Entwurf und Druck von Gebr. Habbel, Regensburg
A. Reindl
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Comments

One of hundreds of municipal Notgeld issues that flooded Germany during the hyperinflation peak of 1923, this 2,000,000 Mark note reflects the desperate fiscal improvisation of local authorities as the Reichsmark's purchasing power collapsed faster than central supplies of emergency currency could be printed and distributed. By mid-1923, a denomination this size was barely sufficient for basic transactions — within weeks of issue, it would have been rendered worthless by further inflation.

Gebr. Habbel was a Regensburg publishing house, not a specialist security printer, which is exactly the point: by 1923, municipalities were commissioning whoever was locally available.

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