I saw this note or notgeld while perusing the 'net. It's a 1923 hyperinflation note from Germany. It reads "4,20 Goldmark = 1 Dollar". I know that the Goldmark was the currency when Germany was on the Gold standard, but that ended in 1914. Weren't they supposed to be the Rentenmark, which had a fixed exchange rate of 4.20 Rentenmark to 1 USD? The Rentenmark was issued on 15 November 1923. At the bottom of the image on the banknote, I see a date that appears to read "10 November 1923" which predates the Rentenmark date (it could be a 9 instead of a 0 in the date, but the digit looks different from the 9 in 1923). Was the "Goldmark" name used to evoke a time when the currency was stable? The government did try and bring the exchange rate back to levels seen with the Goldmark IIRC. Perhaps this note was printed to educate the public of a new standard, and to bring public faith and confidence in the upcoming Rentenmark? Thanks in advance!
Many notgeld notes contain propaganda and sarcasm. I believe your note references the prewar mark-to-dollar rate. Unfortunately, I don't have my library handy to do more research for you. Here are some other notes critical of the hyperinflation and/or reparations
It is called wertbeständiges notgeld. It was the transition to the Rentenmark. It is not propaganda. Here is an example issued by the Reichsbahn.
