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5 000 000 000 Mark

Issuer Stadt- und Landkreis Aachen
Year 1923
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Value 5 000 000 000 Mark (5 000 000 000)
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Obverse lettering Umlauffähig im ganzen Regierungsbezirk Aachen Gültig bis zum 1. April 1924. STADT UND LANDKREIS AACHEN GUTSCHEIN ÜBER MARK 5 Milliarden Dieser Gutschein wird von allen öffentl. Kassen des Stadt- u. Landkreises Aachen in Zahlung genommen. Er verliert seine Gültigkeit vier Wochen nach Aufruf durch die öffentl. Blätter des Stadt- u. Landkreises Aachen. Aachen, den 12. Oktober 1923. Der Oberbürgermeister: Der Vorsitzende des Kreisausschusses: N°
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Reverse lettering 5 Milliarden 5 Milliarden 5 MILLIARDEN STADT- UND LANDKREIS AACHEN
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Comments

Aachen's municipal and district authority issued this five-billion-mark note during the hyperinflation peak of late 1923, when the Reichsbank could not supply emergency currency fast enough and hundreds of German local governments printed their own Notgeld to keep commerce moving. By November 1923, five billion marks would barely cover a loaf of bread — if that.

The Merkelbach reference (1#8687) places this within the documented Aachen series, though survival rates for high-denomination Notgeld from this period vary sharply depending on whether notes were redeemed and pulped during the stabilization that followed introduction of the Rentenmark.

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