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by ttepasse
741 days ago
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That is an untrue legend. In 1948 the accounts in Reichsmark, Rentenmark and Besatzungsmark were converted into Deutsche Mark accounts, although in different proportions. Cash was 100 RM to 6,50 DM, stocks in 1:1, other stuff in 10:1. The core of your urban legend is the Kopfgeld, a cash starter kit like the Euro 50 years later. It consisted of 40 DM in cash and later an additional 20 DM. Those 60 DM were not free but calculated into the converted accounts. What did happen was that shopkeepers were hoarding goods, especially luxury goods, and only suddenly started selling them after the Währungsreform. |
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