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20 000 000 000 Mark Girokasse
| Issuer | Girokasse Bad Elster (Badedirektion) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | CB Nr 362517 M 20 000 000 000 Die Girokasse Bad Elster wolle vergüten aus meinem/unserem Guthaben (Konto Nr. 7) an NUR ZUR VERRECHNUNG oder Überbringer Mark Zwanzig Milliarden Bad Elster, Die Badedirektion. den 26. Oktober 1923 Nicht für den Verkehr außerhalb des Ortes. |
| Reverse description | The reverse is unprinted, displaying plain cream paper on which the obverse text shows through in mirror image as a strong letterpress offset impression, with the bold 'Zwanzig Milliarden' legend and serial number clearly legible in reverse through the thin paper stock. |
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| Comments |
Bad Elster was a spa town in Saxony whose municipal bath administration — the Badedirektion — issued emergency currency during the hyperinflation peak of late 1923, when the Reichsbank could not supply denominations large enough to cover basic transactions. The Girokasse functioned as a local clearing institution tied to the spa's operations, an unusual arrangement that made it one of the more obscure notgeld issuers of the period.
Twenty billion marks. By October 1923, that sum was barely enough for a tram fare in most German cities.