Rentenmark

E47029

The Rentenmark was a temporary German currency introduced in 1923 to halt hyperinflation and stabilize the economy during the Weimar Republic.

All labels observed (2)

Label Occurrences
Rentenmark canonical 9
German papiermark 1

How this entity was disambiguated

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
linked to: Reich government

Weimar Republic government
linked to: Weimar Republic
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
linked to: Reichsbank
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
linked to: German Empire
replacedCurrency Papiermark
status obsolete
subunit Rentenpfennig
subunitRatio 1 Rentenmark = 100 Rentenpfennig
succeededByCurrency Reichsmark
type paper money
usedFor domestic transactions in Germany
usedIn Weimar Republic

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Reichsmark replacedCurrency Rentenmark
Polish marka replacedCurrency German papiermark
linked to: Rentenmark
Weimar Republic currency Rentenmark
Reichsbank currencyIssued Rentenmark
Papiermark wasReplacedBy Rentenmark
German gold mark replacedBy Rentenmark