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| 正面描述 | Check-format Notgeld on plain paper with a fine guilloche underprint band across the centre. The issuer's name in ornate script script reads 'Hohenlohebank A.G. Heilbronn Filiale' with the denomination 'FÜNF MILLIARDEN' in bold letterpress. Two circular bank seals appear on the left margin, a violet branch stamp reads 'HOHENLOHEBANK A.-G. Filiale Weinsberg', and the date 'Öhringen, 25. Oktober 1923' is printed below. |
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| 背面描述 | Unprinted reverse showing bleed-through of the obverse text and guilloche band in mirror image, with the two circular bank seals visible in reverse on the right margin. The paper is plain and unadorned. |
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Öhringen is a small market town in Württemberg-Hohenlöhe, and in the inflationary chaos of autumn 1923 it was issuing paper denominated in the billions. The Hohenlohebank A.G. was a regional private bank, not a state institution, and its emergency currency (Notgeld) was legally permissible under the conditions of the period — the Reichsbank had effectively lost control of money supply by mid-1923, and municipalities, firms, and private banks across Germany were filling the void.
The five-billion-mark denomination places this note in the final, most extreme phase of the hyperinflation, when the exchange rate against the dollar was deteriorating by the hour. The Rentenmark stabilization came in November 1923, after which all such private issues were called in and voided.