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Papiermark

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Papiermark - German for Paper Mark

During the inflation in Germany in 1922 and mainly 1923 the German currency - the Mark - deteriorated massively in its value. Ever higher denominations of banknotes were issued by the central bank and other institutions. No coins were minted anymore during this period, but only banknotes were issued. Therefore the money became its nick name Papiermark, or Mark made of paper. This money is also referred to as Notgeld.

After the inflation in Germany was stopped by economic reform, a new currency the Rentenmark was introduced and later replaced by the Reichsmark.

A 500 Million Mark banknote from Germany of 1923 (http://www.germannotes.com)
A 500 Million Mark banknote from Germany of 1923 (http://www.germannotes.com)

de:Papiermark ja:パピエルマルク

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