Ostmark

E241717

Ostmark was the official currency of the former German Democratic Republic (East Germany) used from its founding in 1949 until reunification in 1990.

All labels observed (1)

Label Occurrences
Ostmark canonical 2

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf currency
former currency
banknotesIssued 1 Mark
10 Mark
100 Mark
2 Mark
20 Mark
5 Mark
50 Mark
blackMarketExchangeRateToDeutscheMark significantly below official rate
coinsIssued 1 Mark
1 Pfennig
10 Pfennig
2 Mark
2 Pfennig
20 Pfennig
5 Mark
5 Pfennig
50 Pfennig
colloquialName Ostmark self-link
country East Germany
surface form: German Democratic Republic
endUse 1990
fixedConversionRateToDeutscheMark 1:1 (for wages, pensions, small savings)
2:1 (for larger savings and other balances)
hadSeparateHardCurrencyShops Intershop
historicalPeriod Cold War
ISO4217Code DDM
issuingAuthority Deutsche Notenbank
Staatsbank der DDR
languageOfName German
legalTenderUntil 1990-07-01
monetaryUnionDate 1990-07-01
monetaryUnionWith West Germany
surface form: Federal Republic of Germany
notFreelyConvertible true
officialName Mark der DDR
Mark der Deutschen Notenbank
politicalSystemContext socialist planned economy
region Eastern Bloc
replacedByCurrency Deutsche Mark
Euro
replacedCurrency Reichsmark
Soviet occupation zone in Germany
surface form: Soviet occupation zone mark
startUse 1949
subunit Pfennig
subunitToUnitRatio 100 Pfennig = 1 Mark
successorStateCurrencyContext Germany
symbol M
usedFor domestic transactions in the GDR
usedIn East Germany

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

East German mark alsoKnownAs Ostmark
Ostmark colloquialName Ostmark self-link