Papiermark

The Papiermark (German: [paˈpiːɐ̯ˌmaʁk] (listen); lit. 'paper mark', officially just Mark, sign: ) was the German currency from 4 August 1914[1] when the link between the Goldmark and gold was abandoned, due to the outbreak of World War I. In particular, the Papiermark was the currency issued during the hyperinflation in Germany of 1922 and 1923.

Papiermark
Mark (in German)
100 trillion-ℳ (short scale (US) or 100 billion-ℳ long scale (UK pre-1974, Germany, much of Europe)
Denominations
Subunit
1/100Pfennig
PluralMark
PfennigPfennig
Symbol
Pfennig
Banknotes1ℳ, 2ℳ, 5ℳ, 10ℳ, 20ℳ, 50ℳ, 100ℳ, 500ℳ
1,000ℳ, 5,000ℳ, 10,000ℳ, 20,000ℳ, 50,000ℳ, 100,000ℳ, 200,000ℳ, 500,000ℳ
1-million-ℳ, 2-million-ℳ, 5-million-ℳ, 10-million-ℳ, 20-million-ℳ, 50-million-ℳ, 100-million-ℳ, 500-million-ℳ
1-billion-ℳ, 5-billion-ℳ, 10-billion-ℳ, 20-billion-ℳ, 50-billion-ℳ, 100-billion-ℳ, 200-billion-ℳ, 500-billion-ℳ
1-trillion-ℳ, 2-trillion-ℳ, 5-trillion-ℳ, 10-trillion-ℳ, 20-trillion-ℳ, 50-trillion-ℳ, 100-trillion-ℳ
Coins1₰, 2₰, 5₰, 10₰, 50₰ (½ℳ)
1ℳ, 3ℳ, 200ℳ, 500ℳ
Demographics
User(s) German Empire
Weimar Republic
Free City of Danzig
Klaipėda Region
Issuance
Central bankReichsbank
Valuation
Pegged withUnited States dollar = 4.2-trillion-ℳ = RM4.20 (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.

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This article uses material from the Wikipedia article Papiermark, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.