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Home arrow Notgeld categories arrow Inflation 1923 arrow Inflation 1923 Intro.
Inflation 1923 PDF Print E-mail
Written by Tony G-M   
Saturday, 07 July 2007

The peak of the hyper inflation period in Germany was late 1923. Notes were being issued with face values of Billions of marks!

  • 1,000,000 - millionen
  • 1,000,000,000 - milliarde
  • 1,000,000,000,000 - billionen

    The above note has the word 'scheck' on it (cheque). It's format is similar to the modern day cheques. It was issued in Oberhausen and is dated September, 1923. Just like the Reichbanknotes (issued by the state), notgeld issues began to be affected by the runaway inflation that Germany experienced during this period. By late 1923, notes were being issued in Billion Mark denominations. In Germany this was equal to 1,000,000,000,000! There were many issues, (see table above) and many were from private companies, as can be seen by the scan above. It appears to be similar to a 'cheque' and even has the word scheck on it. (Pre 1914; 1$ = 4M : Nov.19th 1923; 1$ = 4,200,000,000,000M)!!!!!

  • Last Updated ( Tuesday, 31 July 2007 )
     

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