ostmark


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ost·mark

 (ôst′märk′, ŏst′-)
n.
A former unit of currency in East Germany worth 100 pfennigs.

[German : Ost, east (from Middle High German ōst, ōsten, from Old High German ōstan; see aus- in Indo-European roots) + Mark, mark (from Middle High German marke, marc; see mark2).]

Ostmark

(ˈɒstˌmɑːk; German ˈɔstmark)
n
(Currencies) (formerly) the standard monetary unit of East Germany, divided into 100 pfennigs
[German, literally: east mark]

ost•mark

(ˈɔstˌmɑrk, ˈɒst-)

n.
the former basic monetary unit of East Germany: replaced by the West German mark in 1990.
[1945–50; < German: east mark]
Translations

ostmark

[ˈɒstːmɑːk] Nmarco m de la antigua RDA
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References in periodicals archive ?
It was originally linked to the German ostmark at a 1:1 ratio--a currency that, although it was a floating fiat currency after World War I, was not obviously worse than the other (then-floating) major international currencies of the day, and had the advantage of locality.
1938: Hitler invaded Austria, which was made a German Reich province named Ostmark.
The President asked me to advise on the economics, particularly the plan by Kohl to exchange one deutsche mark for one ostmark.
Implementation of building automation in the Ostmark barracks-willow (existing barracks) in the Manual of Building Automation 3.
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.
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.
In the following days, Austria was incorporated into Germany as the German province of Ostmark.
Nystrom, D, Lindqvist, J, Ostmark, E, Hult, A, Malmstrom, E, "Superhydrophobic Bio-Fiber Surfaces Via Tailored Grafting Architecture.
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.
Thus, bell confiscations were undertaken in Austria as vigorously as they were in Germany, with the Ostmark losing more than 72 per cent of its bells.