bigjohn, on 31 October 2011 - 07:49 AM, said:
In reply to your question could this banknote have been used in the P.O.W. camp the answer is no he would have been repatreated long before 1923 the date of issue. For him to have used this note a possibility is that he was in the army of occupation, one of the bases was around Koln (Cologne) hence Centurion`s question.
There appear to have been three basic types of notgeld
- That issued by cities (stadtgeld) of which this is an example. Many cities in Germany issued them up to and including 1923
- Those issued in POW camps (lagergeld) which ceased in 1918
- Money printed by individual organisations such as large companies working for the government (eg Fokkergeld in 1918) in order to pay employees and suppliers etc. This was initially under the approval of the national government
Stadtgeld appears to have begun in 1917 because there was a shortage of coinage (possibly because of war demands for metals) and initially was in small denominations. As such it pre dates the hyperinflation but must have contributed to its rise (printing extra money without increasing production will do it most times)