2 000 000 Mark Teppichfabrikzentrale

Teppichfabrikzentrale A.-G. was a carpet manufacturing and trading company in Leipzig, and this 2,000,000 Mark note is a piece of Notgeld — emergency money issued by a private commercial firm during the hyperinflationary crisis of 1923, when the Reichsbank's currency was losing value so rapidly that even large industrial companies required their own circulating scrip to meet payroll and cover daily transactions. By mid-1923, denominations in the millions were routine; by November, they were already obsolete.

Leipzig firms issued considerable volumes of this type of commercial Notgeld, most of it redeemed quickly and destroyed. Paper survival depends almost entirely on whether recipients bothered to return it before the issuer's liquidity evaporated.