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Rentenmark (German) | |
---|---|
![]() One Rentenmark note | |
Unit | |
Plural | Rentenmark |
Symbol | RM |
Denominations | |
Subunit | |
1⁄100 | Rentenpfennig |
Plural | |
Rentenpfennig | Rentenpfennig |
Symbol | |
Rentenpfennig | Rpf. |
Banknotes | RM 1, RM 2, RM 5, RM 10, RM 50, RM 100, RM 500, RM 1,000 |
Coins | 1 Rpf, 2 Rpf, 5 Rpf, 10 Rpf, 50 Rpf |
Demographics | |
Replaced | Papiermark |
Replaced by | Reichsmark |
User(s) | ![]() |
Issuance | |
Central bank | Deutsche Rentenbank |
Valuation | |
Pegged with | United States dollar = RM 4.20, in turn 1,000,000,000,000ℳ = RM 1 (1 trillion short scale (US) or 1 billion long scale (UK pre-1974, Germany, much of Europe) = 1,000,000,000,000) |
This infobox shows the latest status before this currency was rendered obsolete. |
The Rentenmark (German: [ˈʁɛntn̩ˌmaʁk] ; RM) was a currency issued on 15 November 1923 to stop the hyperinflation of 1922 and 1923 in Weimar Germany, after the previously used "paper" Mark had become almost worthless.[1] It was subdivided into 100 Rentenpfennig and was replaced in 1924 by the Reichsmark.