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20 000 000 Mark
| Issuer | Bezirksverband der Amtshauptmannschaft Zittau, Stadtrat Zittau, and Zittauer Handelsbank Alfred Peter |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Notgeld Gültig im Bezirke der Amtshauptmannschaft und der Stadt Zittau. Zwanzig Millionen 20 Mark 20 Zahlen der Bezirksverband der Amtshauptmannschaft, die Kasse der Stadt Zittau und die Zittauer Handelsbank Alfred Peter in Zittau gegen Rück- gabe dieses Notgeldes. Dieser Schein verliert seine Gültigkeit einen Monat nach dem im amtlichen Teile der Sächsischen Staatszeitung und der Zittauer Nachrichten die Außerverkehrsetzung seitens der oben genannten drei Zahl- stellen gemeinsam bekannt gemacht worden ist. Zittau, den 28. September 1923. Der Bezirksverband der Amtshauptmannschaft [Signature] Der Stadtrat [Signature] Zittauer Handelsbank: [Signature] Fälschungen und Nachahmungen dieses Notgeldes werden nach den Strafgesetzen verfolgt. Gebrüder Güttler, Zittau. |
| Reverse description | Unprinted reverse in plain cream paper, showing only bleed-through of the obverse letterpress impression and the mirrored serial number visible in raking light. No design elements are present on this side. |
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| Comments |
Zittau's August 1923 hyperinflation notes are a rare example of a tripartite issuance — the district authority, the municipal council, and a private commercial bank jointly guaranteeing the same instrument. This arrangement was not altruism; it was a legal hedge, spreading liability across three entities because no single one of them could credibly back it alone. The Güttler brothers printed locally, which was common by mid-1923 as the Reichsdruckerei in Berlin was simply too overwhelmed to service every municipality scrambling to keep wages payable.
Twenty million marks bought diminishing amounts even by the week of issue.