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5 000 000 000 Mark Reichenau
| Issuer | Gemeindekasse Reichenau i.Sa. |
|---|---|
| Year | 1923 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Mk.5,000,000,000 —- Nur zur Verrechnung! Die Girokasse Reichenau i.Sa Wolle zahlen gegen diesen Scheck aus Unserem Guthaben an Überbringer Mark FÜNF MILLIARDEN Reichenau i.Sa.,den 23.Oktober 1923 Gemeindekasse Reichenau i.Sa |
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| Protection type | Watermark |
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| Comments |
Reichenau im Sachsen was a small textile-manufacturing town, and like hundreds of similarly sized German municipalities in late 1923, its local treasury — the Gemeindekasse — was authorized to issue its own emergency currency as the Reichsbank lost all meaningful control over monetary supply. By November 1923, a single U.S. dollar was exchanging for roughly 4.2 trillion Marks, which gives the five billion denomination here a sense of just how compressed that final inflationary spiral actually was: notes like this became obsolete within days of printing.
The watermarked paper is an unusual security feature at this level of local issue — many comparable Notgeld from towns of this size dispensed with it entirely.