Interesting question. I think at some early point it will be implemeted - because it HAS to.
A short history:
1914 - 1921. - When the war broke out in 1914, the German Central Bank suspended redeemability of its notes in gold, so there was no legal limit as to how many notes it could print. The government did not want to upset people with heavy taxes. Instead it borrowed huge amounts of money which were to be paid by the enemy after Germany had won the war, Much of the borrowing was discounted and monetized by the Reichsbank, i.e. printing press money - thence, "Katie bar the door".
Snips from Wiki on Germany's solution to the hyperinflation of the '20s. Note the last two paragraphs (my emphasis):
"In August 1923, Karl Helfferich proposed a plan to issue a new currency (roggenmark) backed by mortgage bonds indexed to market prices (in paper Marks) of rye grain. . . . The Agriculture Minister Hans Luther proposed a different plan which substituted gold for rye and a new currency, the Rentenmark, backed by bonds indexed to market prices (in paper Marks) of gold.
. . . This rentenmark plan was adopted in monetary reform decrees on October 1315, 1923 that set up a new bank, the Rentenbank . . .
After November 12, 1923, . . . the old central bank, was not allowed to discount any further government Treasury bills, which meant the corresponding issue of paper marks also ceased. Discounting of commercial trade bills was allowed and the amount of Rentenmarks expanded, but the issue was strictly controlled to conform to current commercial and government transactions. The new Rentenbank refused credit to the government and to speculators who were not able to borrow Rentenmarks, because Rentenmarks were not legal tender. . . .
By November 30, 1923, there were 500 million Rentenmarks in circulation, which increased to 1000 million by January 1, 1924, and again to 1,800 million Rentenmarks by July 1924. Meanwhile, the old paper Marks continued in circulation. The total paper Marks increased to 1,211 quintillion in July 1924 and continued to fall in value to one third of their conversion value in Rentenmarks.
The monetary law of August 30, 1924 permitted exchange of each old paper 1,000,000,000,000 Mark note for one new Reichsmark, equivalent in value to one Rentenmark. (with 4.2 marks to the US dollar (at $20 gold) Do the math. It hurts my mind when I try.).
Germany's wholesale price index:
July 1922 100.6
Jan 1923 2,785.0
July 1923 194,000.0
Nov 1923 726,000,000,000.0
IMO, we're about at Aug 1922