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500 000 000 Mark
| Issuer | Kreisgemeinde Pfalz (District of Palatinate) |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 500 000 000 Mark (500 000 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Notgeldschein der Kreisgemeinde Pfalz 500 000 000 Fünfhundert Millionen Mark Für diesen Notgeldschein haftet das gesamte Vermögen der Kreisgemeinde. Derselbe wird von sämtlichen Kassen der Reichsbank in Zahlung genommen. Dieser Notgeldschein wird ungültig, wenn er nicht innerhalb eines Monats nach erfolgter Bekanntgabe bei den vorgeschriebenen Einzugsstellen eingereicht wird. Speyer a. Rh., den 1. Oktober 1923. Kreisgemeinde Pfalz Umlauffähig im ganzen Regierungsbezirk Pfalz. Gültig bis zum 1. April 1924. |
| Reverse description | Log in to see details |
| Reverse lettering | Notgeldschein der Kreisgemeinde Pfalz 500 500 000 000 -Fünfhundert-Millionen-Mark- |
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| Comments |
The Palatinate district note was issued at the absolute peak of Germany's 1923 hyperinflation, when the Reichsbank's own printing capacity was so overwhelmed that municipalities, districts, and private firms were legally authorized — then quietly tolerated — to issue their own emergency currency. This Notgeld was not a local curiosity; it was functional money filling a genuine void.
Speyer, as the administrative seat of the Pfalz, handled its own production. The French occupation of the Rhineland, which had been in force since 1919, created an additional layer of monetary instability — occupied territory circulated both German inflation currency and French-sponsored substitutes simultaneously.
By November 1923, the Rentenmark reform rendered the entire 500-million-Mark denomination effectively worthless overnight.