A 1926 5 Rentenmark banknote

The Rentenmark (literally, "Security Mark") (RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Germany. It was subdivided into 100 Rentenpfennig. Rentenmark 1926 File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Rentenmark 1926 File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Year 1926 (MCMXXVI) was a common year starting on Friday (link will display the full calendar) of the Gregorian calendar. ... A £20 Bank of England banknote. ... For security (collateral), the legal right given to a creditor by a borrower, see security interest A security is a fungible, negotiable interest representing financial value. ... is the 319th day of the year (320th in leap years) in the Gregorian calendar. ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... Certain figures in this article use scientific notation for readability. ... Year 1922 (MCMXXII) was a common year starting on Sunday (link will display full calendar). ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ...

History

The Rentenmark replaced the Papiermark. Due to the economic crises in Germany after the Great War there was no gold available to back the currency. Therefore the Rentenbank, which issued the Rentenmark, mortgaged land and industrial goods worth 3.2 billion Rentenmark to back the new currency. The Rentenmark was introduced at a rate 1 Rentenmark = 1:10¹² Papiermark, establishing an exchange rate of 1 United States dollar = 4.2 RM. The name Papiermark (German: Paper mark) can be applied to the German currency from the point in 1914 when the link between the mark and gold was abandoned, due to the outbreak of the First World War. ... Ypres, 1917, in the vicinity of the Battle of Passchendaele. ... GOLD refers to one of the following: GOLD (IEEE) is an IEEE program designed to garner more student members at the university level (Graduates of the Last Decade). ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ...

The Rentenmark was only an intermediate currency and was not legal tender. It was, however, accepted by the population and effectively stopped the inflation. The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark. User(s) Germany Subunit 1/100 Reichspfennig Symbol RM Reichspfennig Rpf. ... August 30 is the 242nd day of the year (243rd in leap years) in the Gregorian calendar. ... 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ...

The monetary policy spear-headed by Hjalmar Schacht - the Central Banker - together with the fiscal policy of German Chancellor Gustav Stresemann and Finance Minister Hans Luther brought the inflation in Germany to an end. Dr. Hjalmar Horace Greeley Schacht Dr. Hjalmar Horace Greeley Schacht (22 January 1877 – 3 June 1970) was a German financial expert and Minister of Economics from 1935 until 1937. ... The head of government of Germany is called Chancellor (German: Kanzler). ... Gustav Stresemann (May 10, 1878 – October 3, 1929) was a German liberal politician and statesman who served as Chancellor and Foreign Secretary during the Weimar Republic. ... The finance minister is a cabinet position in a government. ... Hans Luther (10 March 1885–11 May 1962) was a German politician and former Chancellor of Germany. ...

The Rentenbank continued to exist after 1924 and the notes and coins continued to circulate. The last Rentenmark notes were valid until 1948. 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ...

Coins

Coins were issued dated 1923, 1924 and 1925 in denominations of 1, 2, 5, 10 and 50 Rentenpfennig. Only small mnumbers of Rentenpfennig coins were produced in 1925. A few 1 Rentenpfennig coins were struck dated 1929. The 1 and 2 Rentenpfennig were minted in bronze, with the remaining coins in aluminium-bronze.

Banknotes

The first issue of banknotes was dated November 1, 1923, and was in denominations of 1, 2, 5, 10, 50, 100, 500 an 1000 Rentenmark. Later issues of notes were 10 and 50 Rentenmark (1925), 5 Rentenmark (1926), 50 Rentenmark (1934) and 1 and 2 Rentenmark and dated 1937. November 1 is the 305th day of the year (306th in leap years) in the Gregorian calendar, with 60 days remaining. ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... Year 1925 (MCMXXV) was a common year starting on Thursday (link will display the full calendar) of the Gregorian calendar. ... Year 1926 (MCMXXVI) was a common year starting on Friday (link will display the full calendar) of the Gregorian calendar. ... Year 1934 (MCMXXXIV) was a common year starting on Monday (link will display full 1934 calendar) of the Gregorian calendar. ... 1937 (MCMXXXVII) was a common year starting on Friday (link will take you to calendar). ...

See also

• 1923 in Germany
• 1924 in Germany

References

External links

• Don's World Coin Gallery - Germany - Weimar Republic
• Ron Wise's World Paper Money - Germany - 1920 to 1923 ^{Mirror site}
• Ron Wise's World Paper Money - Germany - 1924 to 1947 ^{Mirror site}
• The Global History of Currencies - Germany
• Global Financial Data data series - Germany Deutschemark
• Global Financial Data currency histories table ( Microsoft Excel format)

Image File history File links No higher resolution available. ... The name Papiermark (German: Paper mark) can be applied to the German currency from the point in 1914 when the link between the mark and gold was abandoned, due to the outbreak of the First World War. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... is the 319th day of the year (320th in leap years) in the Gregorian calendar. ... Year 1923 (MCMXXIII) was a common year starting on Monday (link will display the full calendar) of the Gregorian calendar. ... is the 241st day of the year (242nd in leap years) in the Gregorian calendar. ... 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ... August 30 is the 242nd day of the year (243rd in leap years) in the Gregorian calendar. ... 1924 (MCMXXIV) was a leap year starting on Tuesday (link will display the full calendar). ... 1948 (MCMXLVIII) was a leap year starting on Thursday (the link is to a full 1948 calendar). ... User(s) Germany Subunit 1/100 Reichspfennig Symbol RM Reichspfennig Rpf. ... ISO 4217 Code DDM User(s) German Democratic Republic Pegged with Deutsche Mark = M11 Subunit 1/100 pfennig Symbol M Plural Mark pfennig Pfennig Coins Freq. ... Occupation zones of Germany after 1945 The Bizone was the combination of the American and the British occupation zones during the occupation of Germany after World War II. With the addition of the French occupation zone, the entity became the Trizone. ... ISO 4217 Code DEM User(s) Germany, Montenegro, Kosovo ERM Since 13 March 1979 Fixed rate since 31 December 1998 Replaced by €, non cash 1 January 1999 Replaced by €, cash 1 January 2002 € = 1. ... Certain figures in this article use scientific notation for readability. ... It has been suggested that this article or section be merged into underground economy. ...

External links

• German historical Banknotes and Old Paper Money from Germany
• Weimar Inflation Money