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.
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 Edit
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||$||Confederate States Dollar||Confederate States of America||3.79634||0.263412|
|DPF||₣||Disparuean Franc||Federation of Disparu||0.570737||1.75212|
|GBP||£||Pound Sterling||Kingdom of Great Britain||0.373157||2.67984|
|JNA||A||Jernan Austral||People's Democratic Republic of Jerna||0.616412||1.62229|
|JPY||¥||Japanese Yen||Greater Japanese Empire||51.4137||0.0194501|
|SKK||ƙ||Slovak Koruna||Slovak Republic||34.2857||0.0291667|
|USD||$||United States Dollar||United States of America||0.556004||1.79855|