3 000 000 Mark

Dresden issued its own emergency currency during the hyperinflation peak of 1923, as the Reichsbank's printing capacity simply could not keep pace with denominations climbing into the millions. Notgeld at this level was no longer the wartime small-change substitute of 1917–1919 — it was a desperate administrative measure by municipal governments trying to meet payroll and basic obligations before the next round of devaluation wiped out whatever they had just printed.

The 3,000,000 Mark denomination dates from the summer-to-autumn 1923 window when municipal issues multiplied at a staggering rate. By November, the Rentenmark reset made all of it worthless paper overnight.