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2 000 000 Mark
| Issuer | Kreiskommunalverband Cleve (District Municipal Association of Cleve) |
|---|---|
| Year | 1923 |
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| Composition | Log in to see details |
| Size | 137 x 92 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Kreis Cleve Zwei Millionen Mark zahlen gegen diesen Schein dem Einlieferer die Kassen des Kreiskommunal- Verbandes Cleve und die Kassen der Städte und Gemeinden im Kreis Cleve während der Umlaufzeit. Der Schein verliert seine Gültigkeit nach Ablauf von vier Wochen nach Aufruf in den im Kreis erscheinenden Zeitungen. Cleve, den 20. August 1923. Der Landrat- I.V.: Kreisdeputierte (Translation: District of Cleve Two million marks will be paid against this note to the depositor by the treasuries of the District Municipal Association of Cleve and the treasuries of the cities and municipalities in the District of Cleve during the circulation period. The note loses its validity four weeks after being announced in the newspapers published in the district. Cleve, August 20, 1923. The District Administrator- I.V.: District Deputies) |
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| Reverse lettering | Zwei Millionen Mark (Translation: Two million marks) |
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| Comments |
Cleve's 2,000,000 Mark note dates from the summer of 1923, when Weimar hyperinflation was accelerating fast enough that municipal and district bodies across Germany were authorized — informally, then officially — to print their own emergency currency, known as Notgeld. The Kreiskommunalverband was a district-level administrative body rather than a bank, which made it an unusual but not unique issuing authority for paper of this denomination.
By the time notes in this range were circulating, the Reichsmark's purchasing power was collapsing week by week. A 2,000,000 Mark denomination, unthinkable eighteen months earlier, was already worth almost nothing by late August 1923.