Catalog
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| Issuer | Hessische Landesbank |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 2 000 000 Mark (2 000 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Hessische Landesbank 2 000 000 Notgeldschein 2 000 000 über ZWEI MILLIONEN Mark Dieser Geldschein wird im Volksstaat hessen von den öffentlichen kassen in Zahlung genommen. Er wird von der Hessischen Landesbank eingelöst und verliert seine Gültigkeit einem Monat nach Bekanntmachung in der Darmstädter Zeitung. Darmstadt, 22. August 1923 Direktorium der Hessischen Landesbank. (Translation: Hessen State Bank Emergency Currency Note for Two Million Marks This note shall be accepted as payment at public banks within the People`s State of Hessen. It will be redeemed by the Hessen State Bank and will lose its validity one month after notice in the Darmstadt newspaper. Darmstadt, the 22nd of August 1923 Directorate of the Hessen State Bank.) |
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| Protection description | The note is printed on watermarked paper |
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| Comments |
The Hessische Landesbank was among the regional German institutions authorized to issue notgeld during the hyperinflation of 1923, when the Reichsbank's output could not keep pace with the velocity of currency devaluation. By the time notes in this denomination range were being printed and distributed, the purchasing power of any given note could collapse within days — sometimes within hours — of issue. A print run of over twelve million for a single denomination reflects not demand for currency in any stable sense, but the mechanical urgency of keeping denominations relevant before the next zero was added.