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| 正面描述 | Printed in dark green and ochre on cream paper, the obverse is framed by a fine geometric border with a continuous guilloche band. The heading BAYERISCHE BANKNOTE appears at the top in Roman capitals, while the denomination Fünfundzwanzig Millionen Mark is rendered in large Gothic blackletter script over an elaborate central guilloche underprint. A right-hand panel, printed in orange, carries the numeral 25 / Millionen / Mark and a redemption notice dated 1 January 1924, with the serial number printed in red at centre-right and five manuscript signatures below the issuer name Bayerische Notenbank. |
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| 背面铭文 | Bayerische Notenbank FÜNFUNDZWANZIG MILLIONEN 25 Millionen Mark FÜNFUNDZWANZIG MILLIONEN Nachahmung oder Veränderung wird nach Maßgabe des achten Abschnittes des Strafgesetzbuches für das Deutsche Reich bestraft. |
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The Bayerische Notenbank was one of four German state banks legally permitted to issue notes during the Weimar inflation — a right derived from pre-unification banking privileges that the Reichsbank had never fully extinguished. By late summer 1923, the pace of hyperinflation was outrunning press capacity across all German issuing authorities. The 25,000,000 Mark denomination, unthinkable twelve months earlier, was itself obsolete within weeks of issue as the currency collapsed toward the November 1923 exchange rate of 4.2 trillion Marks to the dollar.
Bavaria's separate issuance briefly complicated stabilization efforts — regional notes created fragmented redemption obligations when the Rentenmark was introduced.