5 000 000 Mark Teppichfabrikzentrale

Teppichfabrikzentrale A.-G. was a carpet manufacturing trade company based in Leipzig, and like thousands of German commercial enterprises in 1923, it issued its own emergency currency — Notgeld — when the Reichsbank simply could not print fast enough to keep pace with hyperinflation. A five-million-mark denomination sounds extraordinary, but by mid-1923 such figures were routine; within weeks of issue, notes like this were already functionally worthless against the daily price spiral.

Commercial Notgeld issued by private firms rather than municipalities is somewhat less documented than civic issues, making attribution and survival data patchier.