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20 000 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahndirektion Stuttgart |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | 1923 |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is printed in blue-grey and dominated by a large line-engraved architectural vignette of the Stuttgart Hauptbahnhof (main railway station) in a modernist style, rendered with fine cross-hatching and radiating lines forming a halo effect above the building. The denomination 'Zwanzig Milliarden' is inscribed in bold blackletter Gothic script arching across the upper portion of the design above the station façade, with small figures of pedestrians visible at street level before the entrance. |
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| Protection type | Watermark |
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| Comments |
The Reichsbahndirektionen — regional railway directorates — became emergency money issuers during the hyperinflation peak of late 1923 because the Reichsbank simply could not print and distribute currency fast enough to keep pace with collapsing purchasing power. Stuttgart's directorate was among dozens of regional authorities, municipal bodies, and private firms that filled the gap with their own notgeld, denominated in figures that would have been unimaginable two years earlier.
By the time twenty-billion-mark notes were being issued, the denomination was covering little more than a tram fare. The Rentenmark reform of November 1923 rendered the entire series worthless within weeks of issue.