Imperial Bank of Germany

German Central Bank

Reichsbank, once the central bank of Germany, was founded in 1876 and closed in 1948. Imperial Bank was established to replace the Central Bank of Prussia. Its first chairman was Mr. Hermann von Dechand.

Chinese name: Imperial Bank of Germany
Foreign name: Reichsbank

geographical position: Germany
climatic conditions: Mediterranean climate
First Chairman: Deakende

Imperial Bank of Germany in 1900

stay 1871 Prussia unified Germany and established German Empire Previously, there were 31 central banks (also known as Note Bank) in Germany state Can issue their own notes. stay 1870 In order to facilitate future unification work, a decree was passed prohibiting the addition of central banks. 1874 The German banking law was sent to the Reichtag, German parliament for debate. After a series of changes and compromises, the banking law 1875 Passed. Most of the states are not allowed to issue their own banknotes, except for the four states, they all use unified banknotes Deutschmark So far, the German currency Unified work. The four states are Grand Duchy of Baden （Baden）、 Kingdom of Bavaria （Bayern）、 Kingdom of Saxony (Sachsen) and Kingdom of Wutengbao (W ü rttemberg), these four states independently issued domestic currency until 1935 。

One hundred marks of bank notes of the German Empire in 1908

The history of Imperial Bank of Germany is volatile, the First World War Previously, it was issued with a reputation of never devaluing Kingmaker ； In terms of war expenditure and inflation Under the pressure of depreciation 。 During the high tide of inflation in Germany from 1922 to 1923, the mark became the paper mark purchasing power But continue to explore the bottom. At the end of inflation, in order to take into account the cost of printing money, hundreds of millions of banknotes were only printed on one side. So far, financial reform had to be carried out. In the process of financial reform, the Deutsche National Bank (the Reich fell in 1918, so Reich should translate the country) issued a new reserve currency, the Rentenmark (currency code RM), to fully recover the banknote mark that has swelled to an outrageous level with the exchange of one real estate mark for one trillion banknote mark. The German government is losing everything while everything is waiting to be done reserve In the case of land by guarantee The issue of new currency is really a cause for respect. 1924 The German government renewed the exchange of Reichmark for real estate mortgage mark, ending an unprecedented period of runaway inflation The inflation rate is still the highest in the Guinness world record.

The national mark in 1924 was used until 1948, and national bank Perish together.

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