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200 000 000 Mark

Issuer Stadt M.Gladbach (City of Mönchengladbach)
Year 1923
Type Standard circulation banknote
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Obverse description Pink and dark purple Notgeld on plain paper, with a gothic church vignette as underprint at left center. The denomination '200 Millionen Mark' is printed in large bold letterpress, flanked by the text 'Gutschein' above and redemption clause below. A large decorative '200' with crossed pen-and-torch device appears at right; circular city seal of Gladbach at lower center, dated 22. Aug. 1923, Serie A.
Obverse lettering 200 Millionen
Gutschein
Die Stadt M.Gladbach zahlt für diesen Schein
200 Millionen Mark
Der Zeitpunkt der Einlösung wird bekannt gemacht
M. Gladbach, 22. Aug. 1923.
Serie A
Der Oberbürgermeister
SIGILLUM HAPUS CIVITATIS DE GLADBACH
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Comments

Mönchengladbach issued its own emergency currency — Notgeld — during the hyperinflationary collapse of 1923, when the Reichsmark was depreciating so rapidly that municipal and commercial bodies across Germany were forced to print their own denominations to keep local commerce functioning. By the time notes of this magnitude were entering circulation, the August–November 1923 period had pushed denominations into the billions and trillions within weeks.

A 200-million-Mark note would have been unremarkable in purchasing power by late autumn 1923 — roughly sufficient for a loaf of bread, briefly.

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