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The first banknote of the East German Mark (1948), was a 1937 Rentenmark with a validation coupon stamp affixed. 30 Januar 1937 – Banknotes of 1 and 2 Rentenmark, serial number with 8 digits The first issue of banknotes was dated 1 November 1923 and was in denominations of RM 1, RM 2, RM 5, RM 10, RM 50, RM 100, RM 500 and RM 1000.
Reason: reaction to the changeover in Trizone (later West Germany and West Berlin) Ratio: 1 Mark = 7 Rentenmark on the first 70 Rentenmark for private individuals, otherwise 1 Kuponmark = 10 Rentenmark: Succeeded by: Deutsche Mark Reason: intended to protect West Germany from the second wave of hyperinflation and stop the rampant barter and ...
Two Rentenmark note, issued in line with the Decree of 15 October 1923. After 12 November 1923, when Hjalmar Schacht became currency commissioner, Germany's central bank (the Reichsbank) was not allowed to discount any further government Treasury bills, which meant the corresponding issue of paper marks also ceased. [22]
The Deutsche Rentenbank was a bank established in Germany by a regulation of 15 October 1923 as a state-owned monetary authority authorised to issue Rentenmark currency notes following the collapse of the private Reichsbank's Papiermark currency. The Rentenbank reserves consisted of mortgages against leading industrial properties and the German ...
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 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.
Stadtallendorf borders in the north on the town of Rauschenberg (Marburg-Biedenkopf) and the community of Gilserberg (Schwalm-Eder-Kreis), in the east on the town of Neustadt, in the southeast on the town of Kirtorf, in the south on the town of Homberg (Ohm) (both in the Vogelsbergkreis), and in the west on the towns of Amöneburg and Kirchhain (both in Marburg-Biedenkopf).
The currency stabilized in November 1923 after the announcement of the creation of the Rentenmark, although the Rentenmark did not come into circulation until 1924. When it did, it replaced the Papiermark at the rate of 1-trillion (10 12)-ℳ︁ to RM1. On 30 August 1924 the Rentenmark was replaced by the Reichsmark. [5]
The Federal Republic of Germany has an institutional liability (Anstaltslast) and acts as a guarantor for the liabilities of Rentenbank. [2] Rentenbank is a successor to Deutsche Rentenbank , established as the currency issuer of the Rentenmark in 1923 to combat hyperinflation, and Deutsche Rentenbank Kreditanstalt (RKA), a major lender in the ...