Paper money – or, more rarely, coins – issued as a substitute by cities, counties, provinces and other public-law corporations, even by banks and companies, when there is a shortage of means of payment, especially in times of war and galloping inflation. At the time of hyperinflation in Germany in the spring of 1923, 1,723 (!!) printing works were busy producing new banknotes, the value of which had often already fallen by the time they reached the Reichsbank branches and which therefore had to be overstamped (marked) with a new value imprint on the spot. – In the narrower sense, paper money issued in Germany between 1914 and 1924 under very different names, such as instruction, temporary small change, voucher, coupon, deposit receipt, substitute value marker, factory cash voucher, guarantee bill, bank bill, giro card, voucher, interim cash voucher, card, cash voucher, small change, small change substitute bill, credit bill, War money, war bill, mark, emergency money bill, emergency money interim bill, emergency voucher, place order, receipt, balance, refund collection bill, check, credit bill, bill, emergency money, savings deposit, savings mark, savings bill, city cash voucher, goods voucher, change value mark bill of exchange, note and other designations – was fed into the payment system. – In older documents, also money or near-money assets for the case of an unforeseen financial predicament; also often called today in reference to a private household, in addition to Notgeld, Notgroschen, Notpfennig (nest egg), Spargroschen, and Sparpfennig (savings for rainy days) (money saved particularly as a reserve fund for use in emergencies or retirement; a bank account or other form of investment which regularly increases in value by virtue of interest accrued or additional deposits made). – See makeshift bill, spare money, spare coins, shortage of money, inflation, galloping, cash bill, emergency reserve, obsidional coins.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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