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5 000 000 000 Mark
| Issuer | Stadt Mülheim an der Ruhr (City of Mülheim an der Ruhr) |
|---|---|
| Year | 1923 |
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| In circulation to | Yes |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 5 FÜNF MILLIARDEN MARK ZHLT DEM EINLIEFERER DIESES SCHEINES DIE STADT MÜLHEIM A.D.RUHR EINEM MONAT NACH AUFRUF IM KREISBLATT DER STADT MÜLHEIM ✶ DEN 10. OKTOBER 1923 DER OBERBURGERMEISTER. (signature) REIHE A N° 098889 |
| Reverse description | The reverse is printed in blue-grey and enclosed within a decorative rope-pattern border. A panoramic cityscape vignette of Mülheim an der Ruhr occupies the central field, rendered in a fine illustrative style with a prominent tower to the left, rooftops, and a broad avenue receding to the right. The denomination '5 MILLIARDEN 5' is inscribed in bold letterpress at the top of the frame, and 'STADT MÜLHEIM A.D. RUHR' appears in capital letters along the bottom. |
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| Comments |
Mülheim an der Ruhr was one of hundreds of German municipalities forced to issue their own emergency currency — Notgeld — during the hyperinflationary collapse of 1923, when the Reichsbank could not print legal tender fast enough to meet demand. By the time five-billion-mark denominations were necessary, the inflation had become almost arithmetically absurd: Germany's money supply had expanded from roughly 29 billion marks in 1918 to over 496 quintillion by November 1923.
The watermarked paper on municipal issues of this period was often sourced from commercial stock — the same stock used for business stationery or official documents — rather than purpose-made banknote paper, which was simply unavailable in sufficient quantity.