Catalog
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| Issuer | Stadt Kiel (City of Kiel) |
|---|---|
| Year | 1923 |
| Type | Local banknote |
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|---|---|
| Obverse lettering | NOTGELD DER STADT KIEL FÜNF MILLIARDEN MARK ZAHLT DIE STADTHAUPTKASSE KIEL GEGEN EINLIEFERUNG DIESES SCHEINES KIEL 17. OKT 1923 OBERBÜRGERMEISTER · BÜRGERMEISTER · STADTV.-VORSTEHER · STELLV. STADTV.-VORSTEHER DIESER SCHEIN VERLIERT SEINE GÜLTIGKEIT INNERHALB EINES MONATS NACH AUFRUF |
| Reverse description | The reverse is entirely unprinted, presenting a plain cream-coloured paper surface with no vignette, text, or decorative elements. |
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| Comments |
Kiel's municipal administration — like hundreds of German cities in late 1923 — was forced to issue its own emergency currency as the Reichsbank's printing capacity and distribution network collapsed under hyperinflation. By the time five-billion-mark denominations were necessary, the purchasing power of the currency was deteriorating faster than notes could be physically transported and issued. Municipal and regional authorities stepped in not out of legal mandate but out of sheer necessity, issuing Notgeld that was technically illegal tender beyond their own jurisdictions.
The five-billion-mark face value dates this note to October or November 1923, the absolute peak of the inflation spiral, weeks before the Rentenmark stabilization effectively ended the crisis.