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1923 Germany 10 Million Mark VF
This note is an example of the hyperinflation experienced in the wake of WWII as Germany struggled with significant reparations. Money printing increased to a point at which purchasing power of currency was being diminished on a daily basis.
By the end of 1922 an American dollar was worth 2000 Marks. The rate further deteriorated in 1923 until it reached an exchange rate of 1:2,000,000
By the end of 1922 an American dollar was worth 2000 Marks. The rate further deteriorated in 1923 until it reached an exchange rate of 1:2,000,000
$2.49
Original: $7.11
-65%1923 Germany 10 Million Mark VF—
$7.11
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Description
This note is an example of the hyperinflation experienced in the wake of WWII as Germany struggled with significant reparations. Money printing increased to a point at which purchasing power of currency was being diminished on a daily basis.
By the end of 1922 an American dollar was worth 2000 Marks. The rate further deteriorated in 1923 until it reached an exchange rate of 1:2,000,000
By the end of 1922 an American dollar was worth 2000 Marks. The rate further deteriorated in 1923 until it reached an exchange rate of 1:2,000,000
