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Reichsmark
The (; sign: ℛ︁ℳ︁; abbreviation: RM) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948. The Reichsmark was then replaced by the Deutsche Mark, to become the currency of West Germany and then all of Germany after the 1990 reunification. The Reichsmark was used in the Soviet occupation zone of Germany until 23 June 1948, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 (Rpf or ℛ︁₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; (''realm'' in English) comes from the official name for the German state from 1871 to 1945, . History 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'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weimar Republic
The Weimar Republic, officially known as the German Reich, was the German Reich, German state from 1918 to 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic. The period's informal name is derived from the city of Weimar, which hosted the constituent assembly that established its government. In English, the republic was usually simply called "Germany", with "Weimar Republic" (a term introduced by Adolf Hitler in 1929) not commonly used until the 1930s. The Weimar Republic had a semi-presidential system. Toward the end of the First World War (1914–1918), Germany was exhausted and suing for peace, sued for peace in desperate circumstances. Awareness of imminent defeat sparked a German Revolution of 1918–1919, revolution, Abdication of Wilhelm II, the abdication of Kaiser Wilhelm II, the proclamation of the Weimar Republic on 9 November 1918, and formal cessa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg Franc
The Luxembourg franc (''F'' or ISO ''LUF'', ), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. History The conquest of most of western Europe by Revolutionary and Napoleonic France led to the French franc's wide circulation, including in Luxembourg. However, incorporation into the Netherlands in 1815 resulted in the Dutch guilder becoming Luxembourg's currency. Following Belgium's independence from the Netherlands, the Belgian franc was adopted in 1839 and circulated in Luxembourg until 1842 and again from 1848. Between 1842 and 1848, Luxembourg (as part of the German Zollverein) used the Prussian Thaler. In 1854, Luxembourg began issuing its own franc, at par with the Belgian franc (BF/FB). The Luxembourg franc followed the Belgian franc into the Latin Monetary Union i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Rentenmark
The Rentenmark (; RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used Papiermark had become almost worthless. It was subdivided into 100 ''Rentenpfennig'' and was replaced in 1924 by the Reichsmark. History After the Occupation of the Ruhr in early 1923 by French and Belgian troops, referred to as the ''Ruhrkampf'', the German government of Wilhelm Cuno reacted by announcing a policy of passive resistance. This caused the regional economy of the Ruhr, the industrial heartland of Germany, to almost stop. The occupation authorities reacted to strikes and sabotage with arrests and deportations. Those displaced and left without income by the ''Ruhrkampf'' and their families fell back on public income support. Tax revenues plunged as economic activity slowed. The government covered its need for funds mainly by printing money. As a result, inflation spiked and the Papiermark went into freefall on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East German Mark
The East German mark ( ), commonly called the eastern mark ( ) in West Germany and after German reunification, reunification, was the currency of the East Germany, German Democratic Republic (East Germany). Its ISO 4217, ISO 4217 currency code was DDM. The currency was known officially as the from 1948 to 1964, from 1964 to 1967, and from 1968 to 1990 as the (Mark of the GDR). The mark (M) was divided into 100 pfennigs (pf). History 1948 On 18 June 1948 a currency reform was announced for the western zones. Subsequently, on 20 June 1948, the Reichsmark and the Rentenmark were abolished in the western occupation zones due to Soviet counterfeiting of ''AM-Marks'' resulting in economic instability and inflation and replaced with the ''Deutsche Mark'' issued by the ''Bank deutscher Länder'' (later the Deutsche Bundesbank). Because the ''Reichsmark'' was still legal tender in the Soviet occupation zone, the currency flooded into the east from the west, where it was worthless ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Papiermark
The Papiermark (; 'paper mark') was a derisive term for the Mark (currency sign, sign: ℳ︁) after it went off the gold standard, and most specifically with the era of Hyperinflation in the Weimar Republic, hyperinflation in Germany of 1922 and 1923. Formally, the same German mark (1871), German mark was used from 1871 to 1923. Like many countries, Germany departed the gold standard due to the outbreak of World War I, and stopped issuing gold coins backed in marks in August 1914. Precious metals rapidly disappeared from circulation, and inflation occurred as paper money was used to cover war debts in 1914 to 1918. Still, the papiermark is more associated with the early Weimar Republic era, when inflation grew out of control. By the time the mark was retired from circulation and renominated in December 1923, banknotes had amounts in the billions and trillions of marks by face value. History From 1914, the value of the mark fell. The rate of inflation rose following the en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Krone
The krone (, currency sign, abbreviation: kr (also NKr for distinction); ISO 4217, code: NOK), plural ''kroner'', is the currency of the Kingdom of Norway (including List of possessions of Norway, overseas territories and dependencies). It was traditionally known as the Norwegian Crown (currency), crown in English; however, this has fallen out of common usage. It is nominally subdivided into 100 ''øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border trade, border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reichsbank
The ''Reichsbank'' (; ) was the central bank of the German Empire from 1876 until the end of Nazi Germany in 1945. Background The monetary institutions in Germany had been unsuited for its economic development for several decades before unification. In the Kingdom of Prussia, the Bank of Prussia had been established in 1847 and, in the aftermath of the German revolutions of 1848–1849, revolution of 1848, five additional banks had been granted a note-issuance privilege (the , , , at Stettin, and ), but that was still insufficient to sustain adequate monetary conditions. By 1851, 9 banks in the whole of Germany (not including Austria) were chartered to issue banknotes, known as . In addition, most German states - with the only exceptions of Principality of Lippe, Lippe and the Hanseatic cities of Free City of Bremen, Bremen, Free City of Hamburg, Hamburg and Free City of Lübeck, Lübeck - issued government paper money without the intermediation of an issuing bank. Several pan- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pfennig
The pfennig (; . 'pfennigs' or 'pfennige' ; currency symbol, symbol pf or ₰) or penny is a former Germany, German coin or note, which was an official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark (money), Mark currencies in the German Reich, West Germany and East Germany, and the German reunification, reunified Germany until the introduction of the euro. Pfennig was also the name of the subunit of the Danzig mark (1922–1923) and the Danzig gulden (1923–1939) in the Free City of Danzig (modern Gdańsk, Poland). Overview Name The word ''Pfennig'' (replacing the ''denarius'' or ''denarius'' as a low-denomination silver coin) can be traced back to the 8th century and also became known as the ''Penning'', ''Panni(n)g '', ''Pfenni(n)c'', ''Pfending'' and by other names, e.g. in Prussia until 1873, ''Pfenning''. The ''-ing''- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slovak Koruna (1939–1945)
The Slovak koruna or Slovak crown (, Ks) was the currency of the Nazi-era Slovak Republic (1939–1945), Slovak Republic between 1939 and 1945. The Slovak koruna replaced the Czechoslovak koruna at par and was replaced by the reconstituted Czechoslovak koruna, again at par. Initially, the Slovak koruna was at par with the Bohemian and Moravian koruna, with 10 korunas = 1 Reichsmark. It was devalued, on 1 October 1940, to a rate of 11.62 Slovak korunas to one Reichsmark, while the value of the Bohemian and Moravian currency remained unchanged against the Reichsmark. Coins In 1939, coins were introduced in denominations of 10 haliers, 5 and 20 korunas, with 20 and 50 haliers and 1 koruna added in 1940. The 10 and 20 haliers were bronze, the 50 haliers and 1 koruna cupronickel, the 5 korunas nickel and the 20 korunas were silver. In 1942, zinc 5 haliers were introduced and aluminium replaced bronze in the 20 haliers. Aluminium 50 haliers followed in 1943. Silver 10 and 50 korunas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Sign
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: , and . Symbols are neither defined nor listed by international standard ISO 4217, which only assigns three-letter codes. Usage When writing currency amounts, the location of the symbol varies by language. For currencies in English-speaking countries and in most of Latin America, the symbol is placed before the amount, as in . In most other countries, including many in Europe and Canada (when using French), the symbol is placed after the amount, as in . Exceptionally, the symbol for the Cape Verdean escudo (like the Portuguese escudo, to which it was formerly currency peg, pegged) is placed in the decimal separator position, as in . [BCV's most recent coin issue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukrainian Karbovanets
The ''Karbovanets'' (, plural: карбованці, ''karbovantsi'' for 2–4, or карбованців, ''karbovantsiv'' for 5 or more), also colloquially known as ''kupon'' (, plural: купони, ''kupony'') or ''coupon'' from the banknote printing, is a former unit of currency in Ukraine in three separate periods of the 20th century. It is also a predecessor currency of today's Ukrainian hryvnia. The karbovanets was subdivided into one hundred ''kopiykas'', but no denominations in kopiykas were ever issued, owing to inflation. In the ISO 4217 standard, the official name is listed as either misspelled as ''karbovanet'' or correctly spelled as ''karbovanets'' likewise to the English version of the National Bank of Ukraine's website refers to it as ''Karbovanets''. The ISO 4217 standard code for the currency is UAK. History First karbovanets (1917–1920) Ukrainian Central Rada (1917–1918) In March 1917 in Kyiv, some political parties formed the Central Rada, which pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
