How was the reichmarks to deutschmarks supported?
Upvote:2
The initial sum was paid out against the ration card of each person in 2 installments (21st June 1948: DM 40 and 2 months later 20).
All cash had to paid into a special account by the 26th June 1948 (Reichsbank-Abwicklungskonto). RM 600 was reducted as the payment of the DM 60.
Eventually the remaining sum was made available at a rate of RM 10:0.65 DM.
Die neue Währung wurde an den Ausgabestellen für die Lebensmittelmarken ausgegeben. Pro Person wurde nur ein so genanntes „Kopfgeld“ von 60 DM ausgezahlt; 40 DM sofort und weitere 20 DM zwei Monate später. Ferner erhielten Unternehmen auf Antrag bei ihrer Bank pro Angestellten einen so genannten „Geschäftsbetrag“ von 60 DM. Der „Geschäftsbetrag“ und das „Kopfgeld“ wurden später bei der Umstellung des Barvermögens angerechnet.
The new currency was issued at the ration card issuing offices. Only a so-called “bounty” of DM 60 was paid per person; DM 40 immediately and another DM 20 two months later. Companies also received a so-called “business amount” of DM 60 per employee on request from their bank. The “business amount” and “bounty” were later taken into account when the cash assets were converted.
Sources:
- Deutsche Mark (in German)
- Quoted text not contained in English version
More post
- 📝 How did early colonial Australia deal with its gender imbalance?
- 📝 Why do Wikipedia's and Guinness World Records's measurements of the Achaemenid Empire's percentage of world population differ?
- 📝 When is the crossed sword and baton alone? When does it appear with the crown?
- 📝 Did the citizens of US really back the declaration of war on Japanese Empire as it was implied by F.D. Roosevelt in his Pearl Harbor Speech?
- 📝 How good were Confederate resupply capabilities during the Gettysburg campaign?
- 📝 What is known about the Antiu?
- 📝 How tall was Frederick the Great of Prussia?
- 📝 Why was Adolphus Dolo nicknamed "Gen. Peanut Butter"?
- 📝 What were the military justifications for the bombing of Dresden?
- 📝 Did the Ottomans conquer Poland-Lithuania?
- 📝 Why did Alexander the Great spare Porus's life?
- 📝 Was the Horo Cavalry "Balloon cloak" effective?
- 📝 How were cities administered in the early Byzantine Empire?
- 📝 Why was Tsesarevich Alexei's hemophilia a state secret?
- 📝 What was the first supranational organization?
- 📝 How many people were needed to build a country house?
- 📝 Did the polytheist Greeks or Romans call their priests “father”?
- 📝 What explains the large number of US Security Council vetoes between 1970-1991?
- 📝 How close did a Manila galleon ever come to Hawaii?
- 📝 When did the Soviets get the ability to drop a nuclear bomb on the United States?
- 📝 Were the Nazis the first to use phenol as a means of execution?
- 📝 Is there a definition of history separate from the definition of politics?
- 📝 More cases of visiting politicians having their own entourage/followers beat up protesters?
- 📝 How do archaeologists date cave paintings?
- 📝 Which side of the Atlantic does the jack-o'-lantern come from?
- 📝 What was the first major historical event to be photographed?
- 📝 Origin of an old museum ticket
- 📝 Why did the steam locomotive take so long?
- 📝 Where can I find examples of fiefs that are not land?
- 📝 Was this anecdote about the bad effects of military secrecy told by Colin Powell?
Source: stackoverflow.com
Search Posts
Related post
- 📝 How was the reichmarks to deutschmarks supported?
- 📝 How serious was Fermat's statement about the ancients?
- 📝 How and when was the modern company ownership structure invented?
- 📝 How was the United States able to produce excellent tanks in 1942?
- 📝 How popular was the Soviet Union?
- 📝 How difficult was to escape from a naval battle after engaging into one during the Age of Sail?
- 📝 How likely is it that any non-Celtic language was spoken in the British Isles when the Romans invaded?
- 📝 How significant was the Fall of Constantinople as an event leading to the Age of Exploration?
- 📝 How and why was the boundary between West and East Berlin decided to be where it was?
- 📝 How difficult was it to spoof the sender of a telegram in 1890-1920's in USA?
- 📝 How was the modern geographic boundary between Europe and Asia decided?
- 📝 How was the Luftwaffe able to destroy nearly 4000 Soviet aircraft in 3 days of operation Barbarossa?
- 📝 How common was smoking in first half of the 20th century?
- 📝 How advanced was the satellite technology during the Yom Kippur War?
- 📝 How did the monks whose job was to copy books react to Gutenberg's printing press?
- 📝 How close was the Soviet Union to collapsing during WW2?
- 📝 To what extent was prohibition supported by the American public?
- 📝 Before the Land Bridge Theory, how was human presence in the Americas explained?
- 📝 How was life in the Iron Age different from life in the Middle Ages?
- 📝 How was beer production affected by the war during WW2?
- 📝 How was armour rusting in the rain handled throughout history?
- 📝 How common was marriage between nobles and peasants in the Middle Ages?
- 📝 Approximately how much travel time was saved by the opening of the Suez Canal in 1869?
- 📝 How was the USA able to win naval battles in the Pacific?
- 📝 How was Israel able to build a powerful military within days of the formation of the state?
- 📝 How was Martin Luther King Jr. viewed by white Americans at the time?
- 📝 How wide-spread was antisemitism in the USA during WWII?
- 📝 How was security on the Silk Road between China and the West maintained?
- 📝 If salt was scarce and expensive, how did people "salt the earth" to ensure their enemies would stay defeated?
- 📝 In the first half of 20th century, how was gold inspected for authenticity?