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500 000 000 Mark
| Issuer | Magistrat der Stadt Bochum |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 500000000 Notgeld der Stadt Bochum 500 Millionen Mark zahlen die städtischen Kassen in Bochum dem Einlieferer dieses Scheines Bochum, 20. September 1923 Reihe U Der Magistrat der Stadt Bochum Oberbürgermeister Bürgermeister 500 MILLIONEN |
| Reverse description | Log in to see details |
| Reverse lettering | NOTGELD DER STADT BOCHUM Ausgegeben mit Genehmigung des Reichsministers der Finanzen 500000000 MARK Dieser Schein wird nach Ablauf der durch Aufruf zu bestimmenden Frist ungültig 500 MILLIONEN |
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| Comments |
Bochum's municipal authority — like dozens of German cities in late 1923 — was forced to issue its own emergency currency as the Reichsbank's printing capacity and distribution network collapsed under hyperinflation. These Notgeld issues were legal stopgaps, not official Reichsbank instruments, issued under emergency provisions that allowed local authorities to supply the denominations workers needed simply to collect their wages.
By the time 500-million-Mark notes were necessary, the inflation had reached a point where this sum represented roughly the cost of a loaf of bread — briefly, and then not even that.