Editing Reichsmark (section)

=== Post-war ===
After the [[World War II|Second World War]], the Reichsmark continued to circulate in Germany, but with new banknotes ([[AM-Mark|Allied Occupation Marks]]) printed in the US and in the [[Soviet occupation zone|Soviet Zone]], as well as with coins (without [[swastikas]]). Inflation in the final months of the war had reduced the value of the Reichsmark from {{Reichsmark|2.50}} = $1US to {{Reichsmark|10}} = $1US and a barter economy had emerged due to the rapid depreciation. The Reichsmark was replaced by the [[Deutsche Mark]] at a rate of 10:1 (1:1 for cash and current accounts) in June 1948 in the [[Bizone|Trizone]]<ref>{{Cite web |title=The Deutsche Mark and its Legacy |url=https://www.thoughtco.com/deutsche-mark-and-its-precious-legacies-4049080 |access-date=2024-06-23 |website=ThoughtCo |language=en}}</ref> and later in the same year by the [[East German mark]] in the Soviet Occupation Zone (colloquially also "Ostmark", since 1968 officially "''Mark der DDR''"). The 1948 currency reform under the direction of [[Ludwig Erhard]] is considered the beginning of the [[Wirtschaftswunder|West German economic recovery]]; however, the secret plan to introduce the Deutsche Mark in the Trizone was formulated by economist [[Edward A. Tenenbaum]] of the [[Office of Military Government, United States|US military government]], and was executed abruptly on 21 June 1948. Three days later, the new currency also replaced the Reichsmark in the [[West Berlin|three Western sectors of Berlin]]. In November 1945, the Reichsmark was superseded by the Second Austrian [[Austrian schilling|schilling]] in Austria. In 1947, the [[Saar mark]], later replaced with the [[Saar franc]], was introduced in the [[Saar (protectorate)|Saar]].<ref>{{cite journal |last= |first= |author-link= |date=15 November 1947 |title=Law 1947-2158 of 15 November 1947 |url=https://gallica.bnf.fr/ark:/12148/bpt6k1564552q/f2.item |journal=[[Journal Officiel de la République Française]] |language=French |volume= |issue=1947–268 |pages=11294 |doi= |issn= |jfm= |jstor= |mr= |zbl= |id= |access-date=21 October 2020}}</ref>