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| 正面描述 | Gutschein (emergency money voucher) printed in blue and red on a pale olive-green guilloche underprint. The denomination '200 MILLIARDEN' is typeset vertically in the left panel, while the central field carries the value inscription 'Zweihundert Milliarden Mark' in large letterpress type. A serial number in red, prefixed by 'No' and followed by an asterisk, appears in the upper right; the issuing authority text reads 'Die Stadtgemeinde Passau gibt den Zeitpunkt der Einlösung öffentlich bekannt. Passau, den 15. November 1923. Stadtrat.' with two manuscript signatures for the Rechtrat and Stadt-Kämmerer offices at the lower centre, and the printer's imprint of Ablassmayer & Penninger G.m.b.H., Passau at the lower left. |
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| 正面铭文 | Gutschein Zweihundert Milliarden Mark No * (serial number) Die Stadtgemeinde Passau gibt den Zeitpunkt der Einlösung öffentlich bekannt. Passau, den 15. November 1923. Stadtrat. Rechtsrat Stadt-Kämmerer ABLASSMAYER & PENNINGER G.M.B.H., PASSAU |
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Passau's 200 billion Mark note was issued during the hyperinflationary peak of autumn 1923, when the Reichsmark was collapsing so rapidly that local municipalities across Bavaria were forced to print their own emergency currency — Notgeld — simply to make payroll and enable basic commerce. By November 1923, a single US dollar was worth over 4 trillion Marks, rendering notes of this denomination obsolete within days of issue.
Ablassmayer & Penninger, a local Passau printing house, produced the note in-house — one of many regional firms pressed into emergency currency production with whatever paper stock was available.