http://www.geschichte.nrw.de/artikel...d%5D=46&lkz=en
The new money (DM) is more or less in line with the US dollar. Conversion from the reichsmark (RM) robs many small savers of their reserves overnight. Saving deposits are reduced to just 10% of the original nominal value. And half the deposit is frozen for a fixed period, after which 70% of that nominal sum is again taken away on the release date!
Industry does a lot better, since productive capital treated much more favourably. Shares retain their nominal value and, by factoring in the tax benefits granted under the subsequent DM Company Accounts Act, we find that the corporations can effectively convert their currency holdings at an extremely preferential rate: not at RM 10 to DM 1, like the man in the street, but RM 10 to DM 8.40!