20 Mark - Kirschau Vereinigte Spinnereien u. Webereien G.M.B.H.

Kirschau's textile combine issued this piece during the notgeld emergency of 1922, when Germany's postwar inflation had so thoroughly disrupted the Reichsmark that private firms, municipalities, and cooperatives across Saxony printed and struck their own emergency currency simply to make payroll. Vereinigte Spinnereien u. Webereien — a consolidated spinning and weaving operation — relied on its workforce showing up daily; without small-denomination scrip, wage payments became logistically impossible.

Aluminium was the practical choice by this point. Copper and zinc had been consumed by the war years prior.