The Reichsmark ℛℳ Its replaced a paper mark which by November 1923, was trading 4,210,500,000,000 German marks to a dollar To combat hyper inflation On November 16, 1923, the new Rentenmark was introduced to replace the worthless paper marks issued by the Reichsbank. Twelve zeros were cut from prices, and the prices quoted in the new currency remained stable. On August 30, 1924, Reichsbank introduced Reichsmark The exchange of a 1-trillion paper mark note to a new Reichsmark, worth the same as a Rentenmark. By 1924 one dollar was equivalent to 4.2 Rentenmark. It was in circulation was in Germany from 1924 until 20 June 1948 in West Germany, where it was replaced with the Deutsche Mark, and until 23 June in East Germany when it was replaced by the East German mark. The Reichsmark was subdivided into 100 Reichspfennig
