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500 000 000 000 Mark
| Issuer | Stadtrat Neu-Ulm (City Council of Neu-Ulm) |
|---|---|
| Year | 1923 |
| Type | Emergency banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | STADTRAT NEU-ULM. Stadtkassenschein Nr. 6009 über Fünfhundert Milliarden Die Gutscheine werden von der Stadtkämmerei und von den Banken in Neu-Ulm eingelöst. Neu-Ulm, den 22. August 1923. Stadtrat: |
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| Protection type | Watermark |
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| Comments |
Neu-Ulm's city council issued this 500-billion-Mark note during the final weeks of Weimar hyperinflation, when municipal and commercial bodies across Germany were authorized to produce their own Notgeld simply to keep local commerce moving. By November 1923, the Reichsmark replaced the entire inflated currency stock at a rate of one new Mark to one trillion old ones — rendering notes like this worthless almost immediately after printing.
J. W. Hela was a local Neu-Ulm printer, not a specialist security printer, which makes the presence of a watermark notable. Most municipal emergency issues at this denomination dispensed with such features entirely.