2 000 000 Mark Hennef

Hennef is a small town in the Sieg valley east of Bonn, and its municipal authority — the Bürgermeisterei — issued this note during the peak inflationary spiral of 1923, when the Reichsmark was collapsing fast enough that million-mark denominations became routine Notgeld rather than novelties. The Rhenania-Druckerei in Bonn handled a substantial volume of emergency municipal currency for Rhine-region issuers during this period, which made logistical sense for smaller administrations without printing contacts of their own.

The signatory, Nenenfels, held the title of Beigeordneter — a deputized municipal official, not the Bürgermeister himself — suggesting the note was authorized and signed at a relatively low administrative level, possibly during the absence or overextension of senior staff under the crisis conditions of that summer.