One of the mysteries of the English language finally explained.
In Germany: a monetary unit tied to industrial and agricultural resources rather than to gold, introduced in November 1923 and superseded by the Reichsmark in 1924.
1920s; earliest use found in The Times. From German Rentenmark from Renten-, combining form of Rente income deriving from capital, land, etc. + Mark, after the name of the Deutsche Rentenbank, a bank founded in 1923 to stabilize the currency; compare also Rentenpapier bond, Rentenmarkt bond market.
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