Towards the end of the hyperinflation in the fall of 1923, German banks and private companies issued so-called "wertbeständiges Notgeld" (stable-value emergency money), which was not denominated in marks but in a quantity of goods.

Material vouchers denominated in rye, wheat, bacon, sugar, potatoes, beech wood or similar were in circulation. By decree of the Reich government of October 23, 1923, such emergency money issues could then be approved if parts of the German Reich's stable-value bond were deposited to cover them.
These stable-value emergency bills were denominated in gold marks.