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Thursday, May 21, 2020

Inflating your collection : 1 German Empire (Weimar Rrepublic) g

In June 1923, a 1,000,000 RM note is emitted, similar to the 20,000 RM note from February 1923
( see : Inflating your collection : 1 German Empire (Weimar Republic) e )
It's the last note that has printing on both sides. All other notes, till the end of the hyperinflation are printed unifaced.
20,000 RM and 1,000,000 RM
20,000 and 1,000,000 RM reverse side
5 months after the 20,000 RM, the face value of the note is 50 times higher.
February 1923 - July 1923
In the second half of 1923, there is an inflation of over 20% per day.
Prices are doubled every 3 - 4 days. More and higher denominations were needed, faster than the Reichsbank could bring them into circulation.

to be continued...

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