Timeline

• 16.01.1922
• Polish-Danzig customs treaty; effective 01.04.1922
• 02.11.1922
• Law on the issuance of emergency paper money by the Danzig government; effective immediately.
  - Due to the rampant inflation, the law had to be amended four times to increase the maximum amount to be issued.

Timeline

• 22.09.1923
• Agreement between Poland and Danzig on the Danzig currency reform as a preparation for a future common currency; ratified in Danzig on 03.12.1923
• 19.10.1923
• Constitution of the "Central Bank of Danzig Ltd. (Danziger Zentralkasse AG)" by several Danzig commercial banks for the implementation of the currency changeover
  - 31.03.1924: Closure of the Central Bank (although the currency changeover could not be finalized due to the late delivery of the regular banknotes).
• 20.10.1923
• Law on the creation of the Danzig Gulden as unit of account in the standard of the British Pound; effective 26.10.1923
• 20.11.1923
• Laws on the implementation of the currency reform:
  - Law [Einführung der Guldenwährung] on the introduction of the Danzig Gulden as currency unit; effective 01.01.1924
  - Law [Münzgesetz] on the issuance of gold coins of 25 Gulden and of subsidiary coins; effective 01.01.1924
  - Law [Notenbankgesetz] on the establishment of the "Bank of Danzig" as sole issuing institute; effective 01.01.1924 (the bank opened for business on 05.02.1924).
• 24.10.1923
• Start of currency exchange:
  - 24.10.1923: Start of issuance of paper money by the Zentralkasse, could be exchanged only against hard currency, referred to as "Interim Guilder (Zwischengulden)"
  - 01.11.1923: Transition of the postal tariff at a rate of 1 Danzig Guilder = 1'000'000'000 German Reichsmark (1873)
  - 18.12.1923: Termination of the legal tender status of the German Reichsmark
  - 30.12.1923: Transition of deposits and debt at the (ultimate) rate of 1 Danzig Guilder = 750'000'000'000 German Reichsmark (1873)
  - 07.03.1924: Start of issuance of regular paper money (the planned date of 10.02.1924 could not be kept due to delivery problems)
  - 30.04.1924: Demonetization of the interim paper money by the Zentralkasse (initially foreseen for 31.03.1924, extended to 12.04.1924 for the denomination of 100 Guilder and 30.04.1924 for smaller denominations).
• 01.05.1935
• Law [Änderung Münzgesetz] on the reduction of the gold content of the Danzig Guilder and the abolition of the gold coinage; effective immediately

Valuation Regimes

• 1923-1939
• Fixed rate against gold

Timeline

• 01.09.1939
• Ordinance of the German ministeries of the Interior and of Economy on the introduction of the German Reichsmark in Danzig; effective immediately
• 05.09.1939
• Ordinance of the German ministeries of the Interior, of Finances, and of Economy on the integration of the Bank of Danzig into the German Reichsbank; effective immediately
• 30.09.1939
• Ordinance of the German ministeries of Finances and of Economy on the demonetization of the Danzig paper money and on the exchange rate of 1 Danzig Guilder = 0.70 German Reichsmark (compared with the transition in the annexed Polish territories at 1 Polish Złoty = 0.50 German Reichsmark); effective 30.09.1939 (exchange period was extended until 15.10.1939)
  - Subsidiary coinage was gradually withdrawn and finally demonetized on 30.11.1940.