Before Inflation (1919 - 1921)

After World War 1 the value of the German currency started to fall. This period marked the start of the inflation period.
Find out more about the historical background of the early Inflation period.

50 Mark 1919
This note was issued by Reichsbankdirektorium Berlin. It is dated 24. June 1919. (P# 66 / Ro 62)

10 Mark 1920
This note was issued by Reichsbankdirektorium Berlin. It is dated 6. February 1920. (P# 67 / Ro 63)

1 Mark 1920
This Darlehenskassenschein was issued by Reichsschuldenverwaltung Berlin. It is dated 1. March 1920. (P# 58 / Ro 64)

2 Mark 1920
This Darlehenskassenschein was issued by Reichsschuldenverwaltung Berlin. It is dated 1. March 1920. (P# 59 / Ro 65)

2 Mark 1920
This Darlehenskassenschein was issued by Reichsschuldenverwaltung Berlin. It is dated 1. March 1920. (P# 60 / Ro 65)

50 Mark 1920
This note was issued by Reichsbankdirektorium Berlin. It is dated 23. July 1920. (P# 68 / Ro 66)

100 Mark 1920
This note was issued by Reichsbankdirektorium Berlin. It is dated 1. November 1920. (P# 69 / Ro 67)