when was the new currency introduced in germany
Deutsche Mark The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaɐ̯k] ( listen), "German mark"), abbreviated "DM" or  "D-Mark" (help·info), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002. It was first issued under Allied occupation in 1948 to replace the Reichsmark, and served as the Federal Republic of Germany's official currency from its founding the following year until the adoption of the euro. In English, but not in German, it is commonly called the "Deutschmark" (/ˈdɔɪtʃmɑːrk/).
Treaty of Versailles In Article 231 Germany accepted responsibility for the losses and damages caused by the war "as a consequence of the ... aggression of Germany and her allies."[76][nb 2] The treaty required Germany to compensate the Allied powers, and it also established an Allied "Reparation Commission" to determine the exact amount which Germany would pay and the form that such payment would take. The commission was required to "give to the German Government a just opportunity to be heard", and to submit its conclusions by 1 May 1921. In the interim, the treaty required Germany to pay an equivalent of 20 billion gold marks ($5 billion) in gold, commodities, ships, securities or other forms. The money would help to pay for Allied occupation costs and buy food and raw materials for Germany.[81][82]