1924 1 BILLION German Marks Bond With Pass-Co COA For Sale

Likely issued in early1924, during the final stages of the hyperinflation crisis.

1,000,000,000 Mark(1billionpaper marks)

Deutsches Reich(German Reich / Weimar Republic)
Specifically issued by theReichsschuldenverwaltung(Reich Debt Administration)

Schatzanweisung– this translates asTreasury NoteorTreasury Bill, a form of short-term government debt.

• By 1923, Germany was experiencing one of theworst cases of hyperinflationin modern history.

• In late 1923 and early 1924,prices were doubling daily, and the currency lost almost all value.

• This note was issued as an emergency measure, like many bonds and treasury bills during the inflationary collapse.

• In late 1923, theRentenmarkwas introduced to stabilize the economy, followed by theReichsmarkin 1924.