The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
21st June 1919: The German High Seas naval fleet is scuttled at Scapa Flow
21st June 2019
The new currency was backed by land that was used by businesses and agriculture, and was introduced at the rate of one Rentenmark to one trillion Papiermarks.
On the 15th October 1923, the Rentenmark was introduced in Weimar Germany in an attempt to stop the hyperinflation crisis that had crippled the economy.
28th June 2015
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9th November 2019