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1922 Germany DORTMUND 50 Mark Banknote
1922 Germany DORTMUND 50 Mark Banknote

1922 Germany DORTMUND 50 Mark Banknote

$ 5.25

Availability: 100 in stock
  • Country: Germany
  • Refund will be given as: Money Back
  • Item must be returned within: 14 Days
  • Grade: Ungraded
  • Circulated/Uncirculated: Circulated
  • Return shipping will be paid by: Buyer
  • All returns accepted: Returns Accepted
  • Type: Banknotes

    Description

    All banknotes are guaranteed  original and in conditions stated in the title
    Germany borrowed heavily to wage the war during WWI. After the war, it faced huge loan and reparation payments which far exceeded Germany's gross domestic product or GDP. When Germany could no longer made reparation payments in 1923, French and Belgium troops moved in to occupy the Ruhr, Germany's main industrial area. Without major source of income, the government took to printing money which resulted in hyperinflation.
    The highest denomination before 1923 was 50,000 Mark. By early 1924, it reached 100 Billion (American 100 Trillion) Mark.
    In the late-1923 currency reform, 1 Rentenmark was exchanged for 1,000 Milliard Mark (American 1 Trillion Mark). In late-1924, Rentenmark was renamed Reichsmark. Reichsmark notes continued in circulation until the end of WWII.
    BAG 3