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East German Mark

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East German Mark
The currency of the former East Germany. It was in use between 1948 and 1990, when it was theoretically pegged to the (West German) deutschemark at par, but it was largely inconvertible. After German reunification in 1990, the deutschmark replaced the East German mark.
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19), such as exchanging the East German mark one to one for the West German mark (which implied an appreciation of the East German mark by some 400 percent), thus triggering unrealistic expectations that fed into excessive wage demands.
The German Economy: Europe's faltering giant by Mueller, Antony P. / Independent Review
Rather they attribute the difficulties of integration to the decision of the German government to impose the Mark (of the former West Germany) as the single currency of the united country and, more importantly, to permit conversion of the East German Mark to the single currency at a one-to-one rate.
Co-ordination and the structure of physical and human capital in ... by Bellante, Don / Indian Journal of Economics and Business
in collecting road tax, West Germans treated the East German mark on par with deutschmark even though its value was a mere fraction of the deutschmark).
Rethinking East German education by Thompson, Ewa M. / Modern Age
 
 
 
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