20,000 Mark, Germany, 1923

20,000 Mark banknote of Weimer Germany, issued in Feb/March 1923. These notes became worthless in weeks (if not days) due to rampant hyperinflation - by end of 2023, notes of 1 Trillion (1 followed by 12 zeroes!) had been issued in Germany. Because these notes were printed in a rush, the designs were simple. 

The hyperinflation was caused by the debt that Germany had taken on to finance the War, and was triggered by a Franco-Belgian occupation of the industrial district of Ruhr - to force Germany to pay a war indemnity. When prices rise by over 50% in a month, it is considered a case of hyperinflation. At its worst phase, prices of goods in Germany would change daily - sometimes the prices of food in a restaurant would change while the patrons were dining! The German hyperinflation and the consequent economic suffering was one of the factors that led to the rise of Hitler. 

Notes are in used condition. Notes are part of a lot. The note that you get may not be the note in the picture, but will be a note in similar condition. Price is for 1 note. 

NO RETURNS OR EXCHANGE.