30 August 1924: The Reichsmark (ℛ︁ℳ︁) was introduced, replacing the Rentenmark (RM) at a ratio of 1:1, retaining the same exchange rate with the United States dollar ($), 4.2:1 ℛ︁ℳ︁ to $; Papiermark (ℳ) were exchangeable until July 1925 at a rate of 1,000,000,000,000:1 ℳ to ℛ︁ℳ︁; thus, Germany returned to the gold standard for the first time since the outbreak of the Weltkrieg in August 1914.
"The Explorers' Club," № DCCXXIII: From Goldmark to fiat currency Papiermark (Part I)
"The Explorers' Club," № DCCCXCII: Printing Papiermark to pay war reparations (Part II)
"The Explorers' Club," № CMXXVI: The French occupy the Ruhr over war reparations (Part III)
"The Explorers' Club," № CMLXXXVIII: An attempted French protectorate in the Ruhr (Part IV)
"The Explorers' Club," № CMXCIII: The Rentenmark replaced the hyperinflated Papiermark (Part V)
"The Explorers' Club," № MXL: The Dawes Plan ended the occupation of the Ruhr (Part VI)
Lest we forget.
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