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nov 1, 1923 - Currency reform

Description:

- November 1923 rentenmark replace paper marks
- Rentenmark currency backed by future profits from government owned properties
in August 1924:
Retenmark is replaced by Reichsmark which is backed by gold which helps the economy

Added to timeline:

germany

ByHelena Bruzdziak
1 months ago
0
0
89

Date:

nov 1, 1923
Now
~ 101 years ago
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