This day 100 years ago Weimar hyperinflation ended: 1,000,000,000,000 Papermark were exchanged for 1 Rentenmark
On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German: Papiermark). These…
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