Reichsmark

The ' (; sign: ℛ︁ℳ︁; abbreviation: RM') was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948. The was then replaced by the , to become the currency of West Germany and then all of Germany after the 1990 reunification. The was used in the Soviet occupation zone in Germany until 23 June 1948, where it was replaced by the East German mark. The was subdivided into 100 (Rpf or ℛ︁₰). The mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; () comes from the official name for the German state from 1871 to 1945, .

==History== The was introduced in 1924 as a permanent replacement for the . This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old and the was = 1012 ℳ︁ (one trillion in American English and French, one billion in German and other European languages and British English of the time; see long and short scale). To stabilize the economy and to smooth the transition, the was not directly replaced by the , but by the , an interim currency backed by the , owning industrial and agricultural real estate assets. The was put on the gold standard at the rate previously used by the German mark, with the U.S. dollar worth .