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50 000 000 000 Mark Reichsbahndirektion
| Issuer | Reichsbahn-Direktion Dresden |
|---|---|
| Year | 1923 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | F 50·000·000·000 Gutschein der Reichsbahn-Direktion Dresden Fünfzig Milliarden Mark Wer Gutscheine nachmacht oder verfälscht, oder nachgemachte o. verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus nicht unter 2 Jahren bestraft zahlen die Kassen der Reichsbahn im Bereiche d. unterzeichneten Reichsbahn-Direktion gegen Rückgabe des Scheines Dresden, den 26. Oktober 1923 Reichsbahn-Direktion Der Präsident Hauptkasse Die Gültigkeit dieses Scheines erlischt mit Ablauf der Frist, die bei Einziehung der Gutscheine für deren Einlösung öffentlich bekannt gemacht wird |
| Reverse description | The reverse is entirely unprinted, showing plain tan paper with visible fold lines and minor soiling consistent with circulation. |
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| Comments |
The Reichsbahn-Direktion Dresden was one of dozens of regional railway administrations that issued emergency currency during the hyperinflationary collapse of 1923. German railway directorates had both the institutional authority and the pressing practical need to pay wages — by late 1923, workers demanded daily payment simply to buy food before the mark lost further value overnight. These notgeld issues were a payroll instrument first, circulating currency second.
The fifty-billion-mark denomination places this note in the final, most extreme phase of the inflation, when the Reichsbank itself struggled to print fast enough. It was superseded within weeks by the Rentenmark stabilization of November 1923.