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Due to the economic crises in Germany after the Great War there was no Gold available to back the currency. Therefore the Rentenbank , which issued the Rentenmark, mortgaged land and industrial goods worth 3.2 billion Rentenmark to back the new currency. The Rentenmark was pegged to the US Dollar at a rate of 1 Dollar = 4.20 RM. The rate of the Rentenmark to the Papiermark was 1:1,000,000,000,000 (1 trillion Papiermark).

The monetary policy spear-headed by Hjalmar Schacht - the Central Banker - together with the responsible fiscal policy of Chancellor of GermanyThe head of government in Germany has traditionally been called Kanzler ( Chancellor). The name of the office today is Bundeskanzler (Federal Chancellor); from 1871 to 1945, it was Reichskanzler (Imperial Chancellor). During the period of the Norddeutsche Gustav StresemannGustav Stresemann ( May 10, 1878 October 3, 1929) was a German politician and statesman during the Weimar Republic and the recipient of the Nobel Peace Prize. Stresemann was born in Berlin on May 10 1878. He came from middle class origins, as the son of a and Finance Minister Hans LutherHans Luther ( 10 March 1885 11 May 1962) was a German politician and former Chancellor of Germany. Luther started in politics in 1907 by becoming the town councillor in Magdeburg. He continued on becoming secretary of the German Stategag in 1913 and then brought the inflation in Germany to an end.

A 5 Rentenmark banknoteA banknote (more commonly known as a bill in the United States) is a kind of currency, issued as legal tender. With coins, banknotes make up the cash forms of all modern money. With the exception of non-circulating high-value or precious metal commemorati from Germany of 1926 (http://www.germannotes.com)