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Bank Of Danzig
The Bank of Danzig (german: Bank von Danzig) was the central bank of the Free City of Danzig, established in 1924 and liquidated in the aftermath of the Danzig crisis in 1939. Overview In the immediate aftermath of World War I, a currency union was planned to complement the customs union between Danzig and the nascent Polish state. The Polish National Loan Bank, Poland's temporary central bank, opened a branch to that effect in the city-state, while the latter's monetary needs were still served by the local branch of the Reichsbank. Because of hyperinflation in both Germany and Poland, however, that project failed to come fruition and it was abandoned in September 1923. The Bank of Danzig was created under the conditions of the stabilization loan coordinated by the Economic and Financial Organization of the League of Nations, Economic and Financial Organization of the League of Nations in 1923–1024, based on the successful precedent of Austrian First Republic, Austria a year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Danzig
The Bank of Danzig (german: Bank von Danzig) was the central bank of the Free City of Danzig, established in 1924 and liquidated in the aftermath of the Danzig crisis in 1939. Overview In the immediate aftermath of World War I, a currency union was planned to complement the customs union between Danzig and the nascent Polish state. The Polish National Loan Bank, Poland's temporary central bank, opened a branch to that effect in the city-state, while the latter's monetary needs were still served by the local branch of the Reichsbank. Because of hyperinflation in both Germany and Poland, however, that project failed to come fruition and it was abandoned in September 1923. The Bank of Danzig was created under the conditions of the stabilization loan coordinated by the Economic and Financial Organization of the League of Nations, Economic and Financial Organization of the League of Nations in 1923–1024, based on the successful precedent of Austrian First Republic, Austria a year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
