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Po 1871 m., kai susikūrė Vokietijos imperija, markė ... - Šiaulių bankas

Po 1871 m., kai susikūrė Vokietijos imperija, markė ... - Šiaulių bankas

Po 1871 m., kai susikūrė Vokietijos imperija, markė ... - Šiaulių bankas

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13<br />

13<br />

A� er the German Empire came into being in 1870, the mark<br />

became the state’s o� cial currency unit. At � rst, German im<br />

perial ьarks circulated only in Klaipėda (Memel) territory. In<br />

1874-1914, marks were issued by the Reichsbank and four state<br />

banks: those of Bavaria, Baden, Wurttemburg, and Saxony as<br />

well as the state treasury, and from 1914 until 1922 by the Credit<br />

Treasury. German imperial marks were backed by gold. One mark<br />

was worth 0.3584 g of gold. It was only at the outbreak of World<br />

War I that marks stopped being convertible to gold coins.<br />

Reichsmarks were printed in Berlin; there were eight denominations<br />

of banknotes: 1, 2, 5, 10, 20, 50,100 and 1,000 marks.<br />

Reichs<strong>markė</strong>s pasižymėjo<br />

sudėtingu gra� niu piešiniu ir<br />

ornamentu, o jų kaligra� jos<br />

tradicijas perėmė ir vėlesnių<br />

vokiškų pinigų kūrėjai.<br />

Reichsmarks were noted for their<br />

complex graphic designs and tracery;<br />

these calligraphic traditions were<br />

taken over by later designers of<br />

German paper money.<br />

During World War I (from October 15, 1915 to August<br />

6, 1916), the German mark circulated alongside Russian<br />

rubles in the rest of Lithuania.<br />

Later on, a special currency – the ostmark – was issued for<br />

the occupied territories, although its value was set according<br />

to the value of the German mark; when these were replaced<br />

by ostmarks, they were also pegged to the German imperial<br />

mark.<br />

Even a� er Lithuania declared independence, its currency was<br />

linked to Germany’s for almost four years. When Germany<br />

lost World War I, Lithuania’s currency plunged along<br />

with the German mark, leading to major losses for the<br />

Lithuanian economy. � e rapid devaluation of the German<br />

mark was one of the reasons the Lithuanian government of<br />

the time began urgently seeking ways to introduce its own<br />

currency.<br />

Seeking to foster entrepreneurship and spread<br />

information regarding forms of funding<br />

provided to business <strong>Šiaulių</strong> <strong>bankas</strong> has signed<br />

collaboration agreements with almost half a<br />

hundred of various business information centers<br />

and business incubators in the country.

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