Word: retenmark
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Dates: during 1924-1924
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...currencies have collapsed through inflation have also contributed new names to foreign exchange tables. Austria has set up a silver "shilling," following British precedents, as British bankers were so instrumental in helping her stabilize her former "krone." In place of the practically worthless mark Germany has similarly adopted the "retenmark," nominally worth one gold mark, or 23.80. The Russians, deeming their former roubles hopeless, have issued the "chervonetz" equal to ten gold roubles, or $5.15. And now Hungary has followed suit by replacing its old "krone" with a new currency called the "sparkrone...
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