20 000 000 000 Mark Kreis Dinslaken

Dinslaken was a small administrative district (Kreis) in the Rhineland, and like hundreds of other German local authorities in late 1923, its Kreisausschuss was forced into the absurd position of printing its own emergency currency simply to meet payroll and keep commerce moving. The Reichsbank could not supply notes fast enough as hyperinflation compressed the real value of any denomination to near zero within days of printing. A 20-billion-Mark note, unthinkable eighteen months earlier, was by October–November 1923 barely sufficient for a loaf of bread.

Notgeld issued at this denomination level had an extremely short functional lifespan — often a matter of days before the face value was rendered worthless by further inflation. The Rentenmark reform of November 15, 1923 made all such issues instantly obsolete.