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ostmark
(redirected from East German mark)

    Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
ost·mark  (ôstmärk, st-)
n.
A former monetary unit of East Germany worth 100 pfennigs.
[German : Ost, east (from Middle High German st, sten, from Old High German stan; see aus- in Indo-European roots) + Mark, mark (from Middle High German marke, marc; see mark2).]
Ostmark [ˈɒstˌmɑːk (German) ˈɔstmark]
n
(Economics, Accounting & Finance / Currencies) (formerly) the standard monetary unit of East Germany, divided into 100 pfennigs
[German, literally: east mark]
Translations
ostmark [ˈɒstːmɑːk] N → marco m de la antigua RDA
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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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