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The East German mark (German: Mark der DDR [ˈmaʁk deːɐ̯ ˌdeːdeːˈʔɛʁ] ⓘ), commonly called the eastern mark (German: Ostmark [ˈɔstmaʁk] ⓘ) in West Germany and after reunification), in East Germany only Mark, was the currency of the German Democratic Republic (East Germany).
It was introduced as the official currency of East Germany in July 1990, replacing the East German mark (Mark der DDR), in preparation for unification on 3 October 1990. East German marks were exchanged for Deutsche Marks at a rate of 1:1 for the first M 4,000 and 2:1 for larger amounts.
From April 1979, all East Germans were required by law to convert any Deutsche Marks (and other western currencies) they possessed into Forum checks at a branch of the Staatsbank der DDR immediately. A Forum check mark was worth 1 West German Deutsche Mark , the smallest denomination was 50 Pfennigs and the highest was for 500 West German ...
East Germany (German: Ostdeutschland [ˈɔstˌdɔʏtʃlant] ⓘ), officially known as the German Democratic Republic (GDR; Deutsche Demokratische Republik [ˈdɔʏtʃə demoˈkʁaːtɪʃə ʁepuˈbliːk] ⓘ, DDR [ˌdeːdeːˈʔɛʁ] ⓘ), was a country in Central Europe from its formation on 7 October 1949 until its reunification with West Germany (FRG) on 3 October 1990.
Starting in April 1979, East Germans were required to convert hard currency at the East German state bank (Staatsbank der DDR) into the so-called forum check. A forum check mark had a value of one West German mark. The Forum Außenhandelsgesellschaft mbH was responsible for the management of Intershops and had 900 employees.
Architekturpreis der DDR: 1976 Awarded for achievements in the field of architecture. Design Prize of the GDR Designpreis der DDR: 1978 Awarded for significant contribution in increasing economic productivity. Jacob and Wilhelm Grimm Prize Jacob-und-Wilhelm-Grimm-Preis: 1978 Awarded for the promotion of the German language and German studies ...
Commissioned officer ranks up to Oberst featured four-pointed golden stars in increasing number according to seniority, and arranged following the Soviet pattern.. Junior officer (lieutenant and captain ranks) shoulder straps were made of silver satin string (German: Silberplattschnur).
The Reichsmark was replaced by the Deutsche Mark at a rate of 10:1 (1:1 for cash and current accounts) in June 1948 in the Trizone [5] and later in the same year by the East German mark in the Soviet Occupation Zone (colloquially also "Ostmark", since 1968 officially "Mark der DDR").