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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References in periodicals archive ?
(5) The ostmark was issued by Germany in 1918 for use in eastern areas under German control at that time.
Information about the chaotic conditions in the Ostmark and the self-enrichment of the NS party members, soon reached the Reich Chancellery in Berlin.
The bell says that Hitler freed the 'Ostmark'- Austria in Nazi jargon - from suppression by foreign elements and brought it home into the Great-German Reich.
Gabriel Piterberg, "The Zionist Settlement in Palestine as Settler Colonialism: he Formative Impact of the German Project in the Ostmark" [24-29]
A population that willingly bore the trillion mark cost of reunification, bailed out bankrupt East Germany's wildly overvalued Ostmark, bore a decade of wage restraints and economic recession to rebuild the GDR's Soviet traumatized economy, has no stomach for interminable bailouts and fiscal transfers.
(78.) Hubert Speckner, Kriegsgefangene in der 'Ostmark' 1939-1945: Zur Geschichte der Mannschaftsstammlager und Offizierslager in den Wehrkreisen XVII und XVIII, doctoral dissertation, University of Vienna, 1999, p.
Germany's introduction of a common currency upon reunification proved costly because the East's ostmark had a preunification value just one-fourth that of the deutsche mark.
1938: Hitler went into Austria, which was made a German Reich province named Ostmark. 1947: The Government announced a midweek ban on sport to try to boost productivity.
In the following days, Austria was incorporated into Germany as the German province of Ostmark..
(10.) Nystrom, D, Lindqvist, J, Ostmark, E, Hult, A, Malmstrom, E, "Superhydrophobic Bio-Fiber Surfaces Via Tailored Grafting Architecture." Chem.
Germany was for a long time dominated by the Ostmark ("Eastern marches"), which became Austria.
At the time it was considered an onerous rate for Germany given unification at 1:1 between the ostmark and deutschemark and the devaluations of many European countries from their pegs in the 1990s.