German Ostmark - Aftermath

Aftermath

The Ostmark and Ostruble continued to circulate in Lithuania from the end of World War I until 1 October 1922, when they were replaced by the litas. The names skatikas and auksinas were used for Pfennig and Mark, for example, on postage stamps. The reason for the replacement was the link to the German Papiermark, which already suffered from inflation (and would spiral into hyperinflation in 1923). The litas was pegged to the U.S. dollar.