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20 000 000 000 Mark Hannoversche Maschinenbau-AG
| Issuer | Hannoversche Maschinenbau-Actien-Gesellschaft (HANOMAG) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Thin white smooth paper with a yellow underprint. A narrow black decorative border frame runs along the left lateral edge. All principal text is printed in black letterpress, with the denomination value and written amount rendered in red. The serial number appears in black on a raster screen, four digits. |
|---|---|
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| Protection type | Log in to see details |
| Protection description | Hakenmaander (Keller#176) |
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| Comments |
HANOMAG — the Hannover locomotive and heavy machinery manufacturer — was among hundreds of German industrial firms forced to print their own emergency money during the hyperinflation of 1923, when the Reichsbank could not supply currency fast enough for payroll. At twenty billion marks, this note dates from the autumn phase of the crisis, when denominations were climbing by orders of magnitude week to week and a single note might not cover a tram fare by the time the ink dried.
The watermarked paper suggests HANOMAG sourced stock from a commercial supplier rather than improvising entirely, which was not always the case with Notgeld of this period.