Großgermanian Reichsmark

Reichsmark

File:20 Reichsmark.png Obverse side of a 20 Reichsmark note
ISO 4217
Code	(numeric: )
Subunit	6998100000000000000♠0.01
Unit
Plural	Reichsmark
Symbol	R₥‎
Denominations
Subunit
1/240	Reichspfennig
Plural
Reichspfennig	Reichspfennig
Symbol
Reichspfennig	₰
Banknotes	1, 2, 5, 10, 20, 50, 100 Reichsmark
Coins	1, 5, 10, 25, 50 Reichspfennig
Demographics
User(s)	Großgermania
Issuance
Central bank	Imperial Treasury of Großgermania
Valuation
Pegged by	Slovak Koruna

The title of this article contains the character ß.
Where it is unavailable or not desired, the name may be represented as Grossgermanian Reichsmark.

The Reichsmark (English: Imperial Mark) is the official currency of Großgermania. It is represented by the symbol R₥, and is subdivided into 240 Reichspfennig (₰). It is pegged by the Slovak Koruna (ƙ) at a value of ƙ1 = 7₰, though it itself is used extensively in Slovakia because of its higher value. The ISO 4217 code for the Großgermanian Reichsmark is GßM, despite attempts from the Imperial Government of Großgermania to have it assigned GRM.

The Reichsmark is issued by the Imperial Treasury of Großgermania, which also prints and mints banknotes and coins through the Germanischen Reichsbank. Following the July War, the Imperial Treasury began minting coins for use in Slovakia, though that country still produces banknotes domestically.

History

The Reichsmark was first introduced in 1924 to help curb hyperinflation in the Weimar Republic. Replacing the short-lived Rentenmark, the Reichsmark lasted until the fall of the Großdeutsches Reich in 1945. In 1949, two separate currencies came into use with the division of Germany into two states. The Deutsche Mark came into use in the Federal Republic of Germany, and the Ostmark became the official currency of the German Democratic Republic. Following the reunification of Germany in 1990, the Western-based Deutsche Mark became the unified currency.

The Euro was introduced in 2002, and the Association of Germanic States used it as their sole currency, despite the objections of the European Union. The Deutsche Mark, the Swiss Franc, the Alsacian Franc, the Luxembourg Franc, and the Danish Krone, which all existed as exchange rate mechanisms alongside the Euro, had their values combined following the formation of Großgermania in December 2008 to form the Reichsmark.

Much to the chagrin of privately-owned businesses, the new currency was not decimalized; rather, the base unit was divided into 240 subunits. Contrary to popular belief, this is not rooted in non-decimal German coinage; rather, it more closely resembles the £sd system of pre-decimal British coinage.

In April 2009, the Slovak Republic pegged its currency, the Koruna, to the Reichsmark by way of a fixed exchange rate. The exchange rate was maintained following the July War.

Selected Exchange Rates

The following table depicts the exchange rates between the Großgermanian Reichsmark and a selection of currencies as an average of their mid-market exchange rates from April 2009 to March 2010, as regulated by the Imperial Treasury of Großgermania. Currencies are ordered alphabetically by their ISO 4217 codes. The Euro, as the primary reserve currency of Großgermania, is highlighted.

ISO 4217	Symbol	Currency	Issuing Body	Units per Reichsmark	Reichsmark per unit
CSD	$	Confederate States Dollar	File:Flag of the Confederate States of America (Gß).svg Confederate States of America	3.79634	0.263412
DPF	₣	Disparuean Franc	Federation of Disparu	0.570737	1.75212
EUR	€	Euro	European Union	0.745657	1.34110
GBP	£	Pound Sterling	Kingdom of Great Britain	0.373157	2.67984
JNA	A	Jernan Austral	File:Flag of the Republic of Jerna.svg People's Democratic Republic of Jerna	0.616412	1.62229
JPY	¥	Japanese Yen	File:Flag of Japan (1870).svg Greater Japanese Empire	51.4137	0.0194501
SKK	ƙ	Slovak Koruna	Slovak Republic	34.2857	0.0291667
USD	$	United States Dollar	File:United States.png United States of America	0.556004	1.79855