Reichsmark

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Reichsmark

The currency of Germany between 1924 and 1948. It was issued following the hyperinflation that crippled Germany in the early 1920s. It was pegged to gold. During World War II, the government set exchange rates between the Reichsmark and other Axis powers, as well as the occupied territories. In 1948, it was replaced by the Deutschemark in West Germany and the Ostmark in East Germany.