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| 正面描述 | Typeset note printed in Fraktur blackletter script on cream paper with a geometric guilloche border in olive-green and violet. A large numeral '5' underprint anchors the centre, above which the denomination 'Fünf Milliarden Mark' is set in bold letterpress. At lower centre, a circular magenta Stadtgemeinde Singen stamp and a handwritten signature appear alongside a serial number at lower left. |
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| 正面铭文 | Notgeld der Stadt Singen-Hohentwiel Fünf Milliarden Mark zahlt die Stadtgemeinde Singen-Hohentwiel dem Einlieferer dieses Scheines. Singen-Hohentwiel, 27. Oktober 1923. Für den Gemeinderat: Oberländer Zeitung G. m. b. H., Singen. (Translation: Emergency money of the city of Singen-Hohentwiel Five billion marks will be paid by the city community of Singen-Hohentwiel to the bearer of this note. Singen-Hohentwiel, 27 October 1923. On behalf of the city council: Oberländer Zeitung G.m.b.H., Singen.) |
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Singen-Hohentwiel was a mid-sized industrial town in Baden, and like hundreds of German municipalities in late 1923, it printed its own emergency currency — Notgeld — when the Reichsbank simply could not supply denominations fast enough to keep pace with hyperinflation. By the time five-billion-mark notes became necessary, prices were doubling within hours, not days. The Oberländer Zeitung G.m.b.H. was the local newspaper printer, drafted into currency production because it had the presses and the paper.
Municipal Notgeld at this denomination was rendered obsolete almost immediately after issue — the Rentenmark stabilization in November 1923 wiped out the entire class of emergency paper.