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20 000 000 000 Mark
| Issuer | Stadt Rastatt (City of Rastatt) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 20 000 000 000 Mark (20 000 000 000) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | GUTSCHEIN DER STADT RASTATT ZWANZIG MILLIARDEN MK. RASTATT, 23 OKTOBER 1923 DER OBERBÜRGERMEISTER (Translation: VOUCHER FROM THE CITY OF RASTATT TWENTY BILLION MK. RASTATT, 23 OCTOBER 1923 THE LORD MAYOR) |
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| Protection type | Watermark |
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| Comments |
Rastatt's 20 billion Mark note dates from the absolute peak of Weimar hyperinflation — by late 1923, municipal authorities across Germany were issuing their own emergency currency (Notgeld) simply because the Reichsbank could not print or distribute denominations fast enough to keep pace with daily price movements. Stadt Rastatt was one of hundreds of small cities legally empowered to do so under emergency provisions, and the denominations escalated with brutal speed over just a few weeks.
The watermarked paper is notable — at these quantities and this pace of production, many municipal issuers abandoned security features entirely. That Rastatt retained it suggests either advance-ordered stock or a printer with remaining inventory.