History German Papiermark

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from 1914, value of mark fell. rate of inflation rose following end of world war , reached highest point in october 1923. currency stabilized in november 1923 after announcement of creation of rentenmark, although rentenmark did not come circulation until 1924. when did, replaced papiermark @ rate of 1 trillion papiermark = 1 rentenmark. later in 1924, rentenmark replaced reichsmark.


in addition issues of government, emergency issues of both tokens , paper money, known kriegsgeld (war money) , notgeld (emergency money), produced local authorities.


the papiermark used in free city of danzig until replaced danzig gulden in late 1923. several coins , emergency issues in papiermark issued free city.







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