>>16949072
Probably like the currency reform in western germany in 1948:
foreign exchange rate was for cash and deposit 100 RM = 5,50 DM
e.g 1000 RM deposit = 55 DM
e.g 1000 RM debts =100 DM
wages ,pensions, rents, stocks 1000 RM = 1000DM
exchange rate: 1RM = 0,238 $ (1940) 1 DM = 0,30 $ (1948) 1$ =3,33 DM
Summary of currency reform:
10,000 Reichsmarks on the savings book were exchanged for 550 D-Marks. The loss was 94.5%. 10,000 Reichsmarks in gold were worth 7,912 Deutschmarks.
The loss in gold in the before-after comparison was: 20.9%. The increase in value compared to the savings book was: 1,438%
The average price of a single-family house with a small garden was approximately 8,000 Deutschmarks in 1950. The investment in gold "before" the currency reform made a huge difference in everyday life for the gold owner.
The investor received more than 80% of the monetary amount and even increased purchasing power.