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June 20, 1948 German Monetary Reform
Today, on June 20, 1948, the German Monetary System reform was effectively controlled. The end of World War II, the German economy suffered severe destruction of war, raw materials shortages, food shortages, a severe proportion disregard between the major industrial sectors, at the same time inflation worsened, banknotes were issued sharply, prices rose, mark shaped as paper, leading to the political economy's severe instability. The creation of new currencies and the establishment of a new monetary system were forced in the near future, the first law of monetary reform "monetary law" was passed in June 1948, at the same time passing the related West Berlin "monetary regulations". The law stipulated that new currencies were issued from June 20, 1948, called "German Mark" or DM


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17WorldNews[2025.09.27-14:57] 访问:87
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