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The quality of the Reichsmark coins decreased more and more towards the end of World War II and misprints happened more frequently. [8] [9] Since the 4 ℛ︁₰ coin was only slightly larger than the 1 ℳ︁ coin and the imperial eagle looked similar, an attempt was made to pass it off as a 1-reichsmark coin by silvering the 4 ℛ︁₰ coin ...
The total paper marks increased to 1.2 sextillion (1,200,000,000,000,000,000,000) in July 1924 and continued to fall in value to a third of their conversion value in Rentenmarks. [23] On 30 August 1924, a monetary law permitted the exchange of a 1-trillion paper mark note to a new Reichsmark, worth the same as a Rentenmark. [25]
The Reichsmark became the new legal tender on 30 August 1924, equal in value to the Rentenmark. This marked a return to a gold-backed currency in connection with the implementation of the Dawes Plan. [3] The Rentenbank continued to exist after 1924 and the notes and coins continued to circulate. The last Rentenmark notes were valid until 1948.
A 5-million-ℳ︁ coin would have been worth US$714.29 in January 1923, but only about 1 thousandth of one cent by October 1923. During the war, cheaper metals were introduced for coins, including aluminium, zinc and iron, although silver 1 ⁄ 2 ℳ︁ pieces continued in production until 1919.
[3]: 176 The chairman of the supervisory board was Carl William Klawitter , and after the latter's death in 1929, Ernst Plagemann . After the annexation of Danzig by the German Reich, the Reichsmark was introduced in Danzig and the Bank of Danzig was liquidated.
In 1991, a new coin series with post-communist iconography and new valuations was released in denominations of 1, 5, 10, 20, 50, and 100 lei. These coins gradually lost value with inflation, and a new series was introduced in 1998 with an aluminum-magnesium alloy 500 leu and 1,000 and 5,000 leu coins in 2000.
By the end of the war, the oversupply of banknotes and coins (RM 3.9 bn in 1933, RM 60 bn in 1945) became obvious, openly showing up in inflated black market prices. From 1944 the Allies printed occupation marks (also called military marks), decreeing that these were to be accepted at par with the Rentenmark and the Reichsmark.
One Wära corresponded to one Reichsmark. Wära banknotes were available in denominations of 1/2, 1, 2, 5, and 10 Wära. Each Wära banknote had a monthly demurrage fee of one percent of its nominal value. This fee could be balanced by the acquisition of demurrage stamps of 1/2, 1, 2, 5, and 10 Wära-cents (1 cent equalled 1 Reichspfennig). On ...
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