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20 000 000 000 Mark

Issuer Bezirksverband der Amtshauptmannschaft Rochlitz
Year 1923
Type Local banknote
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Reverse description Beige paper with a brown-toned guilloche underprint forming wavy vertical bands along both lateral margins. The upper half carries the large calligraphic numeral '20' and the denomination 'Milliarden Mark' in a flowing dark green script, separated from the lower portion by a horizontal band; below this appear smaller italic legal penalty clauses followed by the printer's imprint at foot.
Reverse lettering 20 Milliarden Mark Die Gültigkeit erlischt mit Ablauf der Frist, die bei Einziehung der Gutscheine für deren Einlösung öffentlich bekanntgemacht wird Wer Gutscheine nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter 2 Jahren bestraft
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Comments

The Amtshauptmannschaft Rochlitz was a rural Saxon administrative district, and its decision to issue emergency currency at the twenty-billion mark denomination reflects precisely where Germany stood in autumn 1923 — the point at which even small regional authorities had no choice but to print their own money simply to meet payroll. Graphische Werke in Dresden handled a considerable volume of Saxon Notgeld during the hyperinflation peak, producing notes for multiple district bodies in quick succession.

The watermarked paper is worth noting: at denominations this large, some issuing bodies dispensed with security features entirely. Rochlitz didn't.

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