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5 000 000 000 Mark
| Issuer | Stadt Crefeld (City of Krefeld) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5 000 000 000 Marks (5 000 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | STADT CREFELD 5 Milliarden 5.000.000.000 Reihe Y Nr. |
| Signature(s) | Dr. Johansen (Oberbürgermeister) |
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| Comments |
Krefeld's municipal authority — like hundreds of German cities — was forced into emergency currency issuance during the hyperinflationary peak of autumn 1923, when the Reichsbank simply could not print fast enough to meet demand. By the time denominations in the billions of Marks were being issued, the purchasing power of a note could collapse within hours of printing, making the physical logistics of distribution as economically significant as the denomination itself.
The five billion Mark figure places this note firmly in the final weeks before the Rentenmark stabilization of November 1923, when municipal notgeld of this scale became worthless almost immediately upon issue.