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| 表面の説明 | Plain cream paper Notgeld voucher printed in dark brown letterpress, framed by a double-rule guilloche border with foliate corner ornaments. To the left, an oval municipal seal bearing a haloed bishop figure with the Latin legend SIGILLUM CIVITATIS CLOPPENBURGENSIS and the date 1591. The denomination FÜNF MILLIARDEN MARK is printed in large bold type at centre, with the serial number in red at lower right and two manuscript signatures below. |
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| 表面の銘文 | Die Stadtkasse Cloppenburg zahlt gegen diesen Gutschein die Summe von Fünf Milliarden Mark. Der Einlösungstermin wird öffentlich bekannt gemacht. Cloppenburg, den 23. Oktober 1923 Der Magistrat: Der Stadtrat: Gutschein No 01843 (Translation: The Cloppenburg city treasury will pay the sum of Five Billion Marks against this voucher. The redemption date will be publicly announced. Cloppenburg, October 23, 1923) |
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Cloppenburg was a small administrative district in Lower Saxony with no particular financial weight — which makes its issuance of five billion marks during the hyperinflation peak of late 1923 entirely unremarkable by the standards of that autumn. Thousands of German municipalities, utilities, and commercial firms became de facto note issuers that year as the Reichsbank simply could not print fast enough to keep pace with the collapsing currency. The Stadtkasse, the municipal cashier's office, was the most basic civic body authorized to issue Notgeld.
By the time denominations reached the billions, the notes were often worth less on delivery than when ordered from the printer.