The Papiermark (pronunciation (help · info); English: "paper mark", officially just Mark, sign: ℳ) was the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I.
The German Papiermark (often just Papiermark) was the money of the Weimar Republic, from 1919 to 1923. On 15 November 1923 it was replaced by the Rentenmark, and in 1924, the Reichsmark became the official money. In 1914, the Gold standard was abolished; there was the First World War.
German papiermark Ratio: 1 Rentenmark = 1,000,000,000,000 Papiermark, and 4.2 Rentenmark = US$1: Currency of Germany 15 November 1923 – 29 August 1924 Circulates in Germany 30 August 1924 – 1948 Note: Reichsmark was the legal tender: Succeeded by: East German mark Reason: reaction to the changeover in Trizone (later West Germany)
- 1, 2, 5, 10, 50, 100, 500, 1000 Rentenmark
- 1, 2, 5, 10, 50 Rentenpfennig
- Deutsche Rentenbank
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The name Papiermark (pronunciation (help·info); English: "paper mark", officially just Mark, sign: ℳ) is applied to the German currency from 4 August 1914 when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the name is used for the banknotes issued during the hyperinflation in Germany of 1922 and especially 1923.
Papiermark is the name given to the German currency from 4 August 1914, when the link between the Goldmark and gold was abandoned. In particular, the name is used for the banknotes issued during the hyperinflation period in Germany in 1922 and especially 1923.
The Reichsmark was introduced in 1924 as a permanent replacement for the Papiermark. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old Papiermark and the Reichsmark was 1 ℛℳ = 10 12 Papiermark (one trillion in US English and French, one billion in German and other ...
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923.It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace.
15 November – The value of the German Papiermark falls to 4.2 × 10 12 mark to the United States dollar causing the German government to issue the Rentenmark as a replacement for the Papiermark to alleviate the hyperinflation in the Weimar Republic.
Papiermark var Tysklands valuta under första världskriget och mellankrigstiden.Namnet börjar användas 1914 då den dåvarande guldmarkens värde inte längre kunde täckas av landets guldreserv utan de sedlar man framställde trycktes på papper.
Papiermark a cunoscut o hiperinflație excesivă începând de la începutul anului 1922, care s-a accelerat exponențial, până la 20 noiembrie 1923. După această dată, Papiermark a început să fie înlocuit de Rentenmark, apoi la 30 august 1924 de Reichsmark. Rata de conversie între cele două sisteme monetare s-a oprit la o mie de ...