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Encyclopedia > Reichsmark
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A 100 Reichsmark banknote from Germany of 1935 (http://www.germannotes.com)
A 100 Reichsmark banknote from Germany of 1935 (http://www.germannotes.com)

The Reichsmark (Symbol: RM) was the currency in Germany from 1924 until June 20, 1948. It was replaced by the Deutsche Mark in West Germany and by the East German mark ("Mark der DDR" or "Ostmark") in East Germany. 100 Reichsmark Germany 1935 File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... A £20 Ulster Bank banknote. ... Jump to: navigation, search 1924 was a leap year starting on Tuesday (link will take you to calendar). ... Jump to: navigation, search June 20 is the 171st day of the year (172nd in leap years) in the Gregorian Calendar, with 194 days remaining. ... Jump to: navigation, search 1948 is a leap year starting on Thursday (link will take you to calendar). ... Jump to: navigation, search The Deutsche Mark (DM, DEM) was the official currency of West and, from 1990, unified Germany. ... The East German mark (German language: Mark der DDR) commonly called Ostmark, Eastern mark, was the currency of East Germany. ... The German Democratic Republic (GDR) (German: Deutsche Demokratische Republik), also commonly known as East Germany, was a communist state that existed from 1949 to 1990 in the former Soviet occupation zone of Germany. ...


It was introduced in 1924 as a replacement of the Papiermark. This was necessary due to the hyperinflation which had reached its peak in 1923. The currency exchange rate between the old Papiermark and the Reichsmark was 1,000,000,000,000:1 (One trillion to one). It was pegged to the Dollar at a rate of RM4 to US$1. To stabilize the economy and to smoothen transition the Papiermark was not directly replaced by the Reichsmark, but by the Rentenmark, an interim currency backed by the Deutsche Rentenbank, owning industrial and agricultural real estate assets. Jump to: navigation, search 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. ... The Rentenmark was a currency issued in November 1923 to stop the hyperinflation (1922 & 1923) in Germany. ...


The term "Mark" is an old Germanic name for currencies. It is in use since the 12th century. The Mark became Germany's main currency after its unification in 1871. However, many other local currencies co-existed in Germany till the early 20th century. (11th century - 12th century - 13th century - other centuries) As a means of recording the passage of time, the 12th century was that century which lasted from 1101 to 1200. ... Jump to: navigation, search 1871 was a common year starting on Sunday (see link for calendar). ...

Preceded by:
Rentenmark
German currency
19241948
Succeeded by:
Deutsche Mark
East German mark

  Results from FactBites:
 
German Currency - Mark, Reichsmark, Rentenmark, Papermark, Deutsche Mark, Mark der DDR, Mark Deutscher Notenbanken, ... (1238 words)
The Reichsmark (Symbol: RM; 1 RM = 100 Reichspfennig) was the official German currency of the Weimar Republic and German Reich of the Nazis from 30.
Reichsmark was also issued for the occupied territories and the German army during World War II.
The Deutsche Mark (Symbol DM, DEM; 1 DM = 100 Pfennig) was the official currency of West Germany from the monetary reform in 1948 until the introduction of the Euro in 1999.
  More results at FactBites »


 

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