50 000 000 000 Mark

Lichtenstein-Callnberg was a small Saxon textile town — today absorbed into Lichtenstein — and this fifty-billion-mark note is a product of the Notgeld emergency that forced even minor municipal treasuries to become de facto currency issuers during the hyperinflation peak of late 1923. The Stadthauptkasse, essentially the town's main municipal cashier's office, had neither the authority nor the infrastructure of a proper bank; it issued these notes out of sheer necessity as Reichsbank supply collapsed against accelerating price increases.

Rats-Druckerei Glauchau was a local commercial printer in the nearby industrial town of Glauchau, not a specialist security press. The absence of sophisticated anti-counterfeiting measures was largely irrelevant — denominations this large became worthless within days of issue.