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A little wonder, every day

In Germany, devalued notes became cheaper than wallpaper

AI-generated illustrative scene of generic local banknotes being used as wallpaper in a 1920s room. It is not a historical photograph and depicts no documented people or specific city. Generated with OpenAI image generation; no external source or reuse license applies.

AI-generated illustrative scene of generic local banknotes being used as wallpaper in a 1920s room. It is not a historical photograph and depicts no documented people or specific city. Generated with OpenAI image generation; no external source or reuse license applies.

Listen to fact0:00 / —

After the First World War, German towns issued local emergency money known as Notgeld. During the 1923 hyperinflation, paper marks lost so much value that they were even used to cover walls: a photograph of this practice is preserved by the German Federal Archives. Its caption says one-mark notes were cheaper than wallpaper.