Rentenmark
E47029
The Rentenmark was a temporary German currency introduced in 1923 to halt hyperinflation and stabilize the economy during the Weimar Republic.
Aliases (1)
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
currency
→
historical currency → |
| backedBy |
agricultural land
→
industrial assets → mortgage bonds → |
| circulatedUntil |
1938
→
|
| coexistedWithCurrency |
Reichsmark
→
|
| country |
Germany
→
|
| createdTo |
halt hyperinflation
→
restore confidence in German currency → stabilize the German economy → |
| currencyCodeHistorical |
none
→
|
| denominationSystem |
decimal
→
|
| exchangeParity |
1 Rentenmark = 1 gold mark
→
|
| exchangeRateToPapiermark |
1 Rentenmark = 1,000,000,000,000 Papiermark
→
|
| faceValueRange |
1 to 1000 Rentenmark banknotes
→
|
| historicalSignificance |
ended German hyperinflation
→
restored monetary stability in Weimar Germany → |
| introducedBy |
German government
→
Reichsregierung → Weimar Republic government → |
| introducedDuring |
Ruhr occupation
→
post–World War I economic crisis in Germany → |
| introducedInYear |
1923
→
|
| introducedOnDate |
1923-11-15
→
|
| introducedUnderChancellor |
Gustav Stresemann
→
Wilhelm Marx → |
| introducedUnderPresident |
Friedrich Ebert
→
|
| issuer |
Deutsche Rentenbank
→
|
| legalTenderStatus |
limited legal tender
→
|
| monetaryPolicyFeature |
no gold convertibility
→
strict limitation of note issuance → |
| monetaryReformContext |
German hyperinflation of 1921–1923
→
Weimar Republic stabilization policy → |
| notBackedBy |
gold reserves
→
|
| peggedTo |
gold mark (not convertible)
→
|
| periodOfUse |
1923–1924
→
|
| reformName |
Rentenmark reform of 1923
→
|
| region |
German Reich
→
|
| replacedCurrency |
Papiermark
→
|
| status |
obsolete
→
|
| subunit |
Rentenpfennig
→
|
| subunitRatio |
1 Rentenmark = 100 Rentenpfennig
→
|
| succeededByCurrency |
Reichsmark
→
|
| type |
paper money
→
|
| usedFor |
domestic transactions in Germany
→
|
| usedIn |
Weimar Republic
→
|
Referenced by (5)
| Subject (surface form when different) | Predicate |
|---|---|
|
Free People’s State of Württemberg
→
Weimar Republic → |
currency |
|
Polish marka
("German papiermark")
→
Reichsmark → |
replacedCurrency |
|
Reichsbank
→
|
currencyIssued |