Reichsmark
Currency Date set Value in ℛℳ
Belgian franc May 1940 0.1
Belgian franc July 1940 0.08
Bohemian and Moravian koruna April 1939 0.1
Bulgarian lev 1940 0.03
Danish krone 1940 1
French franc May 1940 0.05
Italian lira 1943 0.1
Luxembourg franc May 1940 0.25
Luxembourg franc July 1940 0.1
Dutch guilder 10 May 1940 1.5
Dutch guilder 17 July 1940 1.327
Norwegian krone 1940 0.6
Norwegian krone ? 0.57
Polish złoty 1939 0.5
Pound sterling ( Channel Islands ) 1940 11.5 ( initially )
Independent State of Croatia kuna April 1941 0.05
Slovak koruna 1939 0.1
Slovak koruna 1 October 1940 0.086
Ukrainian karbovanets 1942 0.1
History -- World War II
With the unification of Germany and Austria in 1938 , the Reichsmark replaced the Schilling in Austria . During the Second World War , Germany established fixed exchange rates between the Reichsmark and the currencies of the occupied and allied countries , often set so as to give the Germans economic benefits . The rates were as follows :
The Reichsmark (; sign: ℛℳ) was the currency 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. The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; whereas Reich, that is realm in English, comes from the official name for the German nation state from 1871 to 1945, Deutsches Reich.