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5000 Mark Bayerische Notenbank

Issuer Bayerische Notenbank
Year 1922
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Size 191 × 115 mm
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Obverse lettering BAYERISCHE BANKNOTE Zahlbar mit FÜNFTAUSEND MARK MÜNCHEN, DEN 1. DEZEMBER 1922 Bayerische Notenbank DER STAATSKOMMISSÄR: FÜR DEN AUFSICHTSRAT: DIREKTION: MARK 5000
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Protection type Watermark
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Comments

The Bayerische Notenbank was one of four surviving German state banks still legally permitted to issue currency under the Reichsbank Law of 1875, a privilege the Weimar government repeatedly tried and failed to abolish. This 5000 Mark note appeared in 1922 as hyperinflation was accelerating sharply — a denomination unthinkable just two years earlier had become a routine transactional value by the time of printing.

Bavaria's political tensions with Berlin during this period gave the Notenbank an added layer of local significance; Bavarian authorities were in no hurry to cede monetary functions to a central government they distrusted. The watermark is the sole security provision, modest even by the standards of the day.

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