Register mark

Registermark was a technical bank currency term based on the Reichsmark that existed from 1931 to at least 1938. It was carried out in payment transactions between German and foreign banks using register mark checks. The introduction by the Deutsche Reichsbank had been forced by a lack of foreign currency and was thus an instrument of German currency management, which, however, was also in the interests of foreign creditors.

“... the register mark that is created in favor of a 'registered beneficiary' (takes place) through deposits at the Reichsbank, based on the standstill agreement , (and) is dispensed by means of checks (abroad and then in the local currency). The register mark was noted in 1936 with a discount of 40–65 per cent. "

The register mark checks can also be viewed as a form of international travelers' checks. In the many standstill agreements between foreign banks and the Reichsbank from 1931 onwards, it was agreed that the foreign currency used by German authorized persons abroad would only be reimbursed by the Reichsbank to these foreign banks in partial amounts after a cash dispute.

literature

• Georg Obst: Money, banking and stock exchange, 32nd edition, CE Poeschel Verlag, Stuttgart 1948, pp. 95 and 268