50 000 000 Mark Reichsbanknote

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正面铭文	Reichsbanknote Fünfzig Millionen Mark zahlt die Reichsbankhauptkasse in Berlin gegen diese Banknote dem Einlieferer. Vom 1. September 1923 ab kann diese Banknote aufgerufen und unter Umtausch gegen andere gesetzliche Zahlungsmittel eingezogen werden Berlin, den 25. Juli 1923 Reichsbankdirektorium
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防伪类型	Watermark
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备注	By the time this note entered circulation in late 1923, Germany's hyperinflation had already consumed any practical meaning the denomination might have carried. The Reichsbank was printing on one side only to accelerate output — the presses simply could not keep pace with the rate at which purchasing power was dissolving. Fifty million marks, a sum that would have represented extraordinary wealth a decade earlier, was by autumn 1923 insufficient to buy a loaf of bread in many German cities. The watermark remained, almost absurdly, as if forgery were still a meaningful concern at this stage of monetary collapse.

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