answersLogoWhite

0


Best Answer

For a long time the currency (the Reichsmark - RM) was artifically propped up, but from 1944 onwards Germany experienced severe inflation (for the second time in a generation). In West Germany the currency was 'reformed' in June 1948 with American support. The new postwar currency was the Deutsche Mark (DM) and it was introduced at the rate of RM10 to DM1. In other words you had to pay ten RM to get one DM. However, on balances of more than RM5000 the rate was RM13.50 to DM1.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happened to the currency of Nazi Germany?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What did the education for children in Germany look like?

The youth resistance movements that happened in Nazi Germany?


What happened to orphaned and disowned children in Nazi Germany?

they were sent to camps


What happened to Jews living in Nazi Germany?

there hiding from the Germans to keep safe.


What happened in Germany after the Wall Street Crash?

they went all nazi and killed you


What happened in the invasion Nazi army in Germany?

Well, your question cannot be answered correctly. Because.. the Nazi army (Hitlars army) were located in Germany. So, they did not get invaded.


What happened to Jews in Germany during world war 2?

They were exterminated by the Nazi regime.


Who rule over Nazi germany?

The Nazi party led by Adolf Hitler ruled Nazi Germany. That is why it is called "Nazi" Germany.


What happened in 1939?

On September 1, Nazi Germany invaded Poland starting World War II


What relationship did Hitler have with the Nazi Germany?

He was the leader of Nazi Germany .


Does barter system help banking system?

no as it fails to take into account the currency. The method thats Nazi Germany had was far more useful and helpfull to the economy hence why germany are not in recesion


What happened to the Nazi-Soviet pact?

It ended when Germany launched a sneak attack on Russia in 1940. The division of Poland between Germany and the Soviet Union


Who was the Nazi in Germany?

Adolf Hitler was the leader of the Nazi Party in Germany.