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5 000 000 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahndirektion Stuttgart |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | Reichsbahndirektion Stuttgart. Gutschein Reihe 1. Fünf Billionen Mark Dieser Gutschein wird von der Eisenbahnhauptkasse Stuttgart eingelöst, im Wege der Verrechnung sofort, in bar nach Behebung der gegenwärtigen Bargeldknappheit. Der Zeitpunkt der Bareinlösung wird im Staats-Anzeiger für Württemberg und durch Anschlag auf den Bahnhöfen bekanntgegeben werden. Stuttgart, den 9. November 1923. Präsident |
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| Reverse lettering | 5 Billionen |
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| Comments |
The Reichsbahndirektion Stuttgart was one of the regional railway directorates that resorted to issuing its own emergency currency during the hyperinflation peak of late 1923, when the Reichsbank simply could not print and distribute notes fast enough to keep pace with collapsing purchasing power. Railway administrations, municipal governments, and private firms all filled the gap with Notgeld — not as a novelty, as had been the case with the collector-oriented issues of 1920–21, but out of operational necessity. Workers needed to be paid, and the wage had to be denominated in something.
Five trillion marks. By November 1923, that sum would barely cover a loaf of bread.