1923 GERMANY…NOVEMBER 1923 INFLATION.. [20311]

$130.00

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“1923 (Nov 27) Paul Heufelder, Bankgeschan, Berlin printed envelope by registered sent locally & bearing single, pair & strip 3 inflation issues 5 Milliarden 5,000,000,000 mk making a huge 30 Milliarden (30,000,000,000) reichmark rate tied Berlin W /56 cds & with R /Berlin 56 /634 registration label & on reverse Berlin C /B 2 a arrival cds.
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The Treaty of Versailles imposed a huge debt on Germany that could only be paid in gold or foreign currency. With its gold depleted by WW1, the German government attempted to buy foreign currency that did not work & due to a combination of WW1 costs, Reparations due to the allies, the damage of the infrastructure and building caused problems…..This item is towards the end of the German hyper inflation.

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