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5 000 000 000 000 Mark Reichsbanknote
| Issuer | Reichsbank |
|---|---|
| Year | 1923 |
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| Currency | Mark (1873-1923) |
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| Obverse description | A rectangular ornamental frame, offset to the left, encloses a large numeral '5' in an elaborate gothic style. To the right of the frame, the denomination and statutory text are set in multiple lines of letterpress. Two Reichsbank eagle seals and two manuscript signatures appear at the foot of the note. |
|---|---|
| Obverse lettering | Reichsbanknote FÜNF BILLIONEN Mark zahlt die Reichsbankhauptkasse in Berlin gegen diese Bank- note dem Einlieferer. Vom 1. Februar 1924 ab kann diese Banknote aufgerufen und Umtausch gegen andere gesetzliche Zahlungsmittel eingezogen werden Berlin. den 1. November 1923 Reichsbankdirektorium 5 REICHSBANKDIREKTORIUM REICHSBANKDIREKTORIUM Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich ver- schafft und in Verkehr bringt, wird mit Zuchthaus nicht unter zwei Jahren bestraft. 5000 MILLIARDEN |
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| Comments |
By the time this note entered circulation in late 1923, the Reichsbank was issuing denominations that would have been unimaginable twelve months earlier. The five-trillion-mark note is one of the final gasps of the hyperinflation series — printed as the exchange rate against the dollar was collapsing through the billions per mark, with new notes being rushed out faster than ink could dry. The Reichsbank itself acknowledged that printing could not keep pace with demand; at the peak, over thirty paper mills and nearly a hundred printing firms across Germany were contracted to produce currency.
The stabilization came with the introduction of the Rentenmark on 15 November 1923, at a conversion rate of one Rentenmark to one trillion old marks — making this note worth precisely five Rentenmark when redeemed.