Historically 4 Reichsmarks = 1 US $
Then inflation began. Some perspective. Imagine your bank account. Your paycheck. Imagine how willing your employer is on handing out raises.
June 24, 1922: 272 Reichsmark (RM) = 1 US dollar
July 1922: 670 reichsmarks = 1 US dollar
August 1922: 2,000 reichsmarks = 1 US dollar
October 1922: 45,000 reichsmarks = 1 US dollar
November 1922: 10,000 reichsmarks = 1 US dollar
December 30, 1922: 500,000 reichsmarks = 1 US dollar
February 1923: Reichsbank buys back RM (or reichsmark); stabilizes RM at 20,000 to 1 US dollar
May 4, 1923: RM 40,000 = 1 US dollar
June 1, 1923: RM 70,000 = 1 US dollar
June 30, 1923: RM 150,000 = 1 US dollar
August 1-August 7, 1923: RM 3,500,000 = 1 US Dollar
August 15, 1923: RM 4,000,000 = 1 US Dollar
September 1, 1923: RM 10,000,000 = 1 US Dollar
Around September 10 to September 25, 1923: Prices reportedly rise hourly in several German cities.
September 30, 1923: RM 60,000,000 = 1 US Dollar
November 15, 1923: Rentenmark issued; pegged to the Gold Standard; Rentenmark 4.2 = 1 US dollar; at this time: Old Reichsmark 4,200,000,000 = 1 US dollar. 1 New Rentenmark = 1 billion Old Reichsmark!
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