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20 000 000 Mark Handelskammer

Issuer Handelskammer M. Gladbach (Chamber of Commerce Mönchengladbach)
Year 1923
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Value 20 000 000 Mark (20 000 000)
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Reverse description The reverse is printed entirely in red on cream paper and relies solely on typographic design. A large lozenge-shaped panel at centre contains the bold numeral denomination 20,000,000 within a rectangular cartouche, flanked above and below by the legend "20 Millionen" in Gothic script. The field outside the central panel is filled with a uniform herringbone guilloche underprint, and a zigzag-pattern border runs along all four edges.
Reverse lettering 20 Millionen
20,000,000
20 Millionen
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Comments

One of hundreds of Notgeld issues flooding the Rhineland in the summer and autumn of 1923, when hyperinflation was advancing faster than the Reichsbank could supply usable currency. The Handelskammer Mönchengladbach — the local chamber of commerce — stepped in as an emergency issuer, a role chambers had no traditional mandate for but were forced into by the complete collapse of purchasing power at street level. By the time denominations like this reached circulation, the ink was barely dry before the face value was already obsolete.

B. Kühlen was a local Mönchengladbach printer, not a security printing house, which accounts for the relatively modest production values. The official stamp serves as the primary authentication device — a thin safeguard for a note that was essentially worthless within days of issue.

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