Germany 5 Rentenmark 1926 Good Fine (P169)

1920's 5 Rentenmark which followed the period of hyper-inflation.
Availability: In stock
SKU: WGE2780
£12.50

In the early 1920’s Germany suffered spectacular hyperinflation with the denomination of banknotes soaring into the billions. In August 1923, the government passed an emergency law to stabilise the currency and the Rentenmark was created. After World War I there was no gold to back the German currency and the rentenmark introduced the concept of backing the currency with real goods - in this case land. The Rentenmark was introduced at the rate of 1 Rentenmark to 1 Trillion old marks and an exchange rate of 1 US dollar to 4.2 Rentenmarks. These measures stabilised the currency and eventually Germany returned to gold backed currency.
These 5 Rentenmark are dated 1926 (P169) and features a young girl carrying wheat on the front.
They grade Good Fine+

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