Currency Name In Local: | |
Image 1: | Ostmark.jpg |
Image 2: | Reverse Ostmark.jpg |
Issuing Authority: | German: Darlehnskasse, [[Kaunas|Kowno]] |
Date Of Introduction: | 4 April 1918 |
Date Of Withdrawal: | 1922 |
Using Countries: |
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Unofficial Users: | |
Subunit Name 1: | |
Symbol: | ℳ |
Used Banknotes: | ℳ, 1ℳ, 2ℳ, 5ℳ, 20ℳ, 50ℳ, 100ℳ, 1,000ℳ |
Obsolete: | yes |
Footnotes: | Circulated alongside German German: Ostrubel|nocat=y, with German: 2= 2 Ostmark = 1 Ostrubel |
German: Ostmark|nocat=y (pronounced as /de/) is the name given to a currency denominated in German: Mark which was issued by Germany in 1918 for use in a part of the eastern areas under German control at that time, the German: [[Ober Ost]] area. The currency consisted of paper money issued on 4 April 1918 by the German: Darlehnskasse in German: Kowno (Kaunas) and was equal to the German German: Papiermark|nocat=y. The German: Ostmark circulated alongside the Imperial rouble and the German: [[German ostrubel|Ostrubel]], with two German: Ostmark equal to one German: Ostrubel.
The denominations available were:
The reverse sides of the German: Darlehnskassenscheine carry a warning against forging banknotes in German, Latvian and Lithuanian.
The Ostmark and Ostrubel continued to circulate in Lithuania from the end of World War I until 1 October 1922, when they were replaced by the Lithuanian: [[Lithuanian litas|litas]]. The names Lithuanian: skatikas and Lithuanian: auksinas were used for German: Pfennig and German: Mark, for example, on postage stamps. The reason for the replacement was the link to the German: Papiermark, which already suffered from inflation (and would spiral into hyperinflation in 1923). The Lithuanian: litas was pegged to the U.S. dollar.