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2 000 000 Mark Rheinische Stahlwerke
| Issuer | Rheinische Stahlwerke AG, Duisburg-Meiderich |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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|---|---|
| Obverse lettering | DIE RHEINISCHEN STAHLWERKE A. G. IN DUISBURG-MEIDERICH zahlen dem Einlieferer dieses Scheines Zwei Millionen Mark Duisburg-Meiderich, den 14. August 1923. RHEINISCHE STAHLWERKE 2000.000 Die Einlösung erfolgt an unseren Kassen in Duisburg-Meiderich, Hilden, Essen, Wattenscheid und Marl, sowie an den dortigen Privatbanken. – Der Schein verliert am 31. Dezember 1923 seine Gültigkeit. Eine frühere Aufrufung in den Tageszeitungen der oben genannten Orte behalten wir uns vor. |
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| Reverse lettering | 2 Millionen Mark RHEINISCHE STAHLWERKE |
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| Comments |
Rheinische Stahlwerke was one of the Ruhr's major integrated steel producers, and like hundreds of German industrial firms during the hyperinflation peak of 1923, it issued its own emergency currency — Notgeld — to pay workers when the Reichsbank simply could not supply enough physical notes fast enough. The French and Belgian occupation of the Ruhr beginning in January 1923 compounded the crisis dramatically, disrupting both production and normal wage payments throughout the region.
At two million Mark, this note was already obsolete within weeks of printing. By late 1923, a single US dollar was exchanging for over four trillion Mark.