| Preceded by:
Reichsmark The Reichsmark was the currency in Germany from 1924 until June 20, 1948. The Reichsmark was subdivided into 100 Reichspfennig, Rentenmark The Rentenmark (RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Germany. It was subdivided into 100 Rentenpfennig
Reason: intended to protect West Germany from the second wave of hyperinflation In economics, hyperinflation is inflation that is very high or "out of control", a condition in which prices increase rapidly as a currency loses its value. Definitions used by the media vary from a cumulative inflation rate over three years approaching 100% to "inflation exceeding 50% a month." In informal usage the term is and stop the rampant barter and black market The underground economy or black market is a market where all commerce is conducted without regard to taxation, law or regulations of trade. The term is also often known as the underdog, shadow economy, black economy, parallel economy or phantom trades trade
Ratio: 1 DM = 1 RM (either) below 600 RM, 1 DM = 10 RM above 600 RM and each person received 40 DM |
Currency of West Germany
21 June 1948 – 1990
Note: except of the state of the Saarland (1957-1959) |
Currency of Germany
1990 – 31 December 2001
Note: euro The euro is the official currency of 16 of the 27 member states of the European Union (EU). The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European existed as money of account since 1 January 1999, with DM coins and banknotes being the German appearance of the euro |
Succeeded by:
euro The euro is the official currency of 16 of the 27 member states of the European Union (EU). The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European
Reason: deployment of euro cash
Ratio: 1 euro = 1.95583 Deutsche Mark |