German South West African mark: Difference between revisions - Wikipedia

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{{expert needed|Numismatics|talk=Expert needed|date=October 2019}}

The '''Markmark''' was the currency of [[German South- West Africa]] between 18841885 and 1915. Until 1914, the [[German gold mark|German Markmark]] circulated. Within days of the outbreak of the [[First World War]], an issue of paper money titled ''Deutsch-Südwestafrikanische Mark'' was authorized in denominations of 5, 10, 20, 50 and 100 Marks. Although the occupation by [[South Africa]] in 1915 officially replaced the Mark with the [[South African pound|pound]], the [[Windhoek]] Chamber of Commerce issued ''Gutscheine'' (vouchers) denominated in [[Pfennig]] and [[Mark (money)|Mark]] between 1916 and 1918marks.

==References History ==

From 1884 to 1901, the main currency of German South West Africa was the British pound sterling. However, in 1885, the German South West African mark began to be circulated. In 1893, an established rate of £1 for every 20[[German gold mark|ℳ]]. It is worth noting that the gold content of the [[British pound sterling]] was 7.3224 grams, while the gold content of 20 marks was 7.168 grams. According to [[Gresham's law]], "bad money drives out good", so the "bad" mark replaced the "good" British pound sterling. In 1901, the German mark became the official currency of [[German South West Africa]], hence replacing the 20- and 5-mark denominations of the German South West African mark, for which they were also demonetized (although, they continued use in the metropolis of German South West Africa until 1907). In 1923, the coins of the German South West African mark were demonetized also. At the beginning of the [[World War I|First World War]], it was decided to produce cash-coupon banknotes thereafter; this occurred until the occupation by [[South Africa]] in 1915 officially replaced the mark with the [[South African pound|pound]]. The [[Windhoek]] Chamber of Commerce issued ''Gutscheine'' (vouchers) denominated in [[pfennig]] and [[Mark (money)|mark]] between 1916 and 1918.

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== Banknotes in 1914 ==

When after the beginning of the [[World War I|First World War]] when the cash-coupon banknotes began to be used, were denominated into five denominations, of 5, 10, 20, 50, and 100 marks.

== References ==

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* {{numis cite SCWPM | date=1994}}

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== Sources ==

{{Portal|Money|Numismatics}}

* [http://colnect.com/en/banknotes/list/country/15421-German_South_West_Africa/series/61657-1915-1918_ND_Issue/catalog/361-World_Paper_Money Banknotes of German South West Africa]

{{Mark}}

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[[Category:Modern obsolete currencies]]

[[Category:Currencies of Germany]]

[[Category:German South- West Africa]]

[[Category:1884 establishments in German South- West Africa]]

[[Category:1915 disestablishments in German South- West Africa]]

[[Category:Currencies of Namibia]]

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