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20 000 000 000 Mark Landesbank der Rheinprovinz
| Issuer | Landesbank der Rheinprovinz |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Mark (1914-1924) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Zwanzig Milliarden Mark zahlt die Landesbank der Rheinprovinz in Düsseldorf dem Vorzeiger. Der Zeitpunkt der Einlösung wird öffentlich bekannt gemacht. Düsseldorf, den 10. Oktober 1923. Landesbank der Rheinprovinz General-Direktion: Umlaufsfähig im gesamten besetzten Gebiet der Rheinprovinz. Gültig bis 1. April 1924. Bachem, Köln. |
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| Reverse lettering | Zwanzig Milliarden Mark Landesbank der Rheinprovinz |
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| Comments |
The Landesbank der Rheinprovinz was a Prussian provincial institution, not a central bank, yet during the hyperinflation of 1923 it joined dozens of German regional banks, municipalities, and industrial firms in issuing Notgeld simply to keep commerce functioning. The Reichsbank could not print fast enough. J. P. Bachem, a Cologne-based Catholic publishing house with a long printing history, was a practical local choice — proximity mattered when denominations were being revised weekly and transport delays could render a shipment worthless before it arrived.
Twenty billion marks. By late 1923, that figure bought roughly a loaf of bread.