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50 000 000 000 Mark
| Issuer | Stadt Crefeld (City of Krefeld, Prussian Province of Rhine) |
|---|---|
| Year | 1923 |
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| In circulation to | 1923 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STADT CREFELD 50.000.000.000. FÜNFZIG MILLIARDEN MARK Umlaufsfähig im ganzen Gebiete des Regierungsbezirks Düsseldorf Der Oberbürgermeister |
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| Reverse lettering | FÜNFZIG MILLIARDEN STADT CREFELD REIHE 2 fünfzig 50.000.000.000 |
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| Comments |
Krefeld issued this note at the absolute peak of the German hyperinflation crisis — 50 billion marks, a denomination that would have been unimaginable twelve months earlier. Municipal authorities across the Rhine Province were printing emergency currency (Notgeld) because the Reichsbank simply could not produce paper money fast enough to meet demand. Krefeld, a prosperous textile center, had its own printing resources and issued locally rather than waiting on central supply.
By November 1923, when the Rentenmark stabilization finally took hold, notes like this one were worth fractions of a pfennig. Most were discarded immediately.