World Banknote Collection German Hyperinflation Banknotes 2 Million Mark, 1923

(2,000,000 Mark)
Enlarge: Front
 & Back 5 Million Mark, 1923
(5,000,000 Mark)
Enlarge: Front
 & Back 10 Milliard (American 10 Billion) Mark, 1923
(10,000,000,000 Mark)
Enlarge: Front
 & Back 100 Billion (American 100 Trillion) Mark, 1923
(100,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy bank note museum 20 Billion (American 20 Trillion) Mark, 1924
(20,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy Alan Kaim 100 Billion (American 100 Trillion) Mark, 1924
(100,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy wikimedia Money to Burn
Enlarge: Picture
Germany 1923 – Banknotes were so worthless that it was cheaper to burn them than buying firewood.
Back to Hyperinflation Banknotes
Germany borrowed heavily to wage the war during WWI. After the war, it faced
huge loan and reparation payments which far exceeded Germany’s gross
domestic product or GDP. When Germany could no longer made reparation payments
in 1923, French and Belgium troops moved in to occupy the Ruhr, Germany’s main
industrial area. Without major source of income, the government took to
printing money which resulted in hyperinflation.
The highest denomination before 1923 was 50,000 Mark. By early 1924, it
reached 100 Billion (American 100 Trillion) Mark.
In the late-1923 currency reform, 1 Rentenmark was exchanged for 1,000
Milliard Mark (American 1 Trillion Mark). In late-1924, Rentenmark was renamed
Reichsmark. Reichsmark notes continued in circulation until the end of WWII. Top of Page This site best viewed at display resolution 1024 x 768 or higher
Copyright � 2015 Tom Chao ~ All Rights Reserved
             German Hyperinflation Banknotes 2 Million Mark, 1923
(2,000,000 Mark)
Enlarge: Front
 & Back 5 Million Mark, 1923
(5,000,000 Mark)
Enlarge: Front
 & Back 10 Milliard (American 10 Billion) Mark, 1923
(10,000,000,000 Mark)
Enlarge: Front
 & Back 100 Billion (American 100 Trillion) Mark, 1923
(100,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy bank note museum  20 Billion (American 20 Trillion) Mark, 1924
(20,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy Alan Kaim  100 Billion (American 100 Trillion) Mark, 1924
(100,000,000,000,000 Mark)
Enlarge: Front
 & Back
Courtesy wikimedia  Money to Burn
Enlarge: Picture
Germany 1923 – Banknotes were so worthless that it was cheaper to burn them than buying firewood.
Back to Hyperinflation Banknotes
Germany borrowed heavily to wage the war during WWI. After the war, it faced
huge loan and reparation payments which far exceeded Germany’s gross
domestic product or GDP. When Germany could no longer made reparation payments
in 1923, French and Belgium troops moved in to occupy the Ruhr, Germany’s main
industrial area. Without major source of income, the government took to
printing money which resulted in hyperinflation.
The highest denomination before 1923 was 50,000 Mark. By early 1924, it
reached 100 Billion (American 100 Trillion) Mark.
In the late-1923 currency reform, 1 Rentenmark was exchanged for 1,000
Milliard Mark (American 1 Trillion Mark). In late-1924, Rentenmark was renamed
Reichsmark. Reichsmark notes continued in circulation until the end of WWII.
Germany borrowed heavily to wage the war during WWI. After the war, it faced
huge loan and reparation payments which far exceeded Germany’s gross
domestic product or GDP. When Germany could no longer made reparation payments
in 1923, French and Belgium troops moved in to occupy the Ruhr, Germany’s main
industrial area. Without major source of income, the government took to
printing money which resulted in hyperinflation.The highest denomination before 1923 was 50,000 Mark. By early 1924, it
reached 100 Billion (American 100 Trillion) Mark.In the late-1923 currency reform, 1 Rentenmark was exchanged for 1,000
Milliard Mark (American 1 Trillion Mark). In late-1924, Rentenmark was renamed
Reichsmark. Reichsmark notes continued in circulation until the end of WWII.     This site best viewed at display resolution 1024 x 768 or higher
Copyright � 2015 Tom Chao ~ All Rights Reserved