Euromark

(redirected from Euromarks)

Euromark

A German mark deposit in a bank outside the jurisdiction of Deutsche Bundesbank; that is, outside Germany. Since the introduction of the euro, the euromark has become obsolete.

The term has nothing to do with the euro, and the prefix "euro-" is used generally to refer to deposits outside the jurisdiction of the local central bank, such as in "euroruble."
References in periodicals archive ?
36) Other types of Eurocurrencies include Euroyen, Eurosterling or Europound, and formerly Euromarks.