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German ostmark

() is the name given to a currency denominated in which was issued by Germany in 1918 for use in a part of the eastern areas under German control at that time, the area. The currency consisted of paper money issued on 4 April 1918 by the Darlehnskasse Ost in (Kaunas) and was equal to the German. The circulated alongside the Imperial rouble and the , with two equal to one .

Denominations

The denominations available were:

  • mark;
  • 1 mark;
  • 2 marks;
  • 5 marks;
  • 20 marks;
  • 50 marks;
  • 100 marks;
  • 1000 marks.

The reverse sides of the carry a warning against forging banknotes in German, Latvian and Lithuanian.

Aftermath

The Ostmark and Ostrubel continued to circulate in Lithuania from the end of World War I until 1 October 1922, when they were replaced by the . The names and were used for and , for example, on postage stamps. The reason for the replacement was the link to the , which already suffered from inflation (and would spiral into hyperinflation in 1923). The was pegged to the U.S. dollar.

Bibliography

  • N. Jakimovs and V. Marcilger, The Postal and Monetary History of Latvia 1918–1945, own book, 1991, pp. 14–13 - 14–15.

External links