Rentenmarkn.
/ˈrɛnt(ə)nˌmɑːk/, U.S. /ˈrɛn(t)ənˌmɑrk/ Now historical.
In Germany: a monetary unit tied to industrial and agricultural resources rather than to gold, introduced in November 1923 and superseded by the Reichsmark in 1924 (see Reichsmark n.).The Rentenmark was issued in an attempt to address German post-war hyperinflation. It was not valid internationally, but was accepted internally until 1948 (when the Deutschmark was introduced), with the last notes being issued in 1937. The Rentenmark was subdivided into 100 Rentenpfennig.
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society > trade and finance > money > standards and values of currencies > [noun] > specific monetary units or units of account > specific German or Austrian
groschen1617
shock1617
schilling1753
Reichsmark1872
mark1883
Rentenmark1923
Westmark1947
Deutschmark1948
Ostmark1948
1923 Times 17 Oct. 11/5 The Government's scheme for an interim reform of the German currency..was made public to-day. The following are its principal provisions..Side by side with the paper mark a secured currency, to be called the ‘Rentenmark’, to be issued, which will be accepted as payment by all public offices.
1923 Times 8 Nov. 12/4 The issue of Rentenmarks is to be delayed till it can take place simultaneously throughout the country.
1940 G. Crowther Outl. Money i. 19 The Rentenmark note was not itself land, nor was there any method by which the holder of a Rentenmark note could possess himself of the land that was supposed to be behind his note.
1967 T. Stolper tr. G. Stolper German Econ. iv. 91 In the case of the Rentenmark collateral consisted of the ‘real-estate debts’ of agriculture and of industrial companies.
1997 J. Weatherford Hist. of Money xiii. 202 The inflation ended on November 20, 1923, when the mark reached 4.2 trillion to the dollar and the government lopped off all the zeros and created the new rentenmark.
This entry has been updated (OED Third Edition, December 2009; most recently modified version published online March 2022).
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n.1923