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ostmark
(redirected from Ostmarks)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 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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West German Deutschmarks had to be exchanged for East German Ostmarks.
Posters rejoice at fall of Communist symbol; Posters made to mark the ... by The Journal (Newcastle, England)
They'll be ordered to change their euros into old East German Ostmarks, show their passports to buy a sausage and be warned not to carry "decadent" western literature.
Herr's to the bad old days by The Mirror (London, England)
German monetary and economic unification in mid-1990, in which residents of the former East Germany traded in their ostmarks for deutsche marks, led to an increase in the level of M3 on the order of 16 percent (the shift is apparent in table 3 but has been adjusted for in the figures shown in table 2).
German monetary targeting: a retrospective view by Meade, Ellen E. / Federal Reserve Bulletin
 
 
 
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