Description: PLEASE CHECK MY STORE FOR MORE VARIETY 1000'S OF DIFFERENT BANKNOTES AVAILABLE 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 = 1012 Papiermark (one trillion in US English and French, one billion in German and other European languages and UK English of the time, see long and short scales). To stabilize the economy and to smooth the 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. The Reichsmark was put on the gold standard at the rate previously used by the Goldmark, with the U.S. dollar worth 4.2 ℛℳ. YOU ONLY PAY SHIPPING ONCE FOR INTERNATIONAL ORDERS PLEASE ASK ME ABOUT COMBINE SHIPPING
Price: 70 USD
Location: Millsboro, Delaware
End Time: 2024-12-10T23:25:18.000Z
Shipping Cost: N/A USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Country/Region of Manufacture: United States
Country: Germany
Year: 1944
Type: Banknotes
