What was the currency of East Germany?

Question

Not only did Greenlake miss the word 'was'. He also failed to notice that I posted this question in the History section. Lol, what a retard!

Not only did Greenlake miss the word 'was'. He also failed to notice that I posted this question in the History section. Lol, what a retard!

Answer 1

The East German Mark, or Ostmark.

It was known as the Deutsche Mark until 1964.

And I noticed some answers missed the 'Was' in your question.

Answer 2

The East German Mark, or Ostmark.

I have some coins, pffenings, from the fall of the wall, they are made of alluminuim, and feel very cheap.

On 21 June 1948, the Reichsmark and the Rentenmark were abolished in the western occupation zones and replaced with the Deutsche Mark issued by the Bank deutscher Länder (later the Deutsche Bundesbank). Because the Reichsmark was still legal tender in the Soviet occupation zone, the currency flooded into the east from the west where it was worthless. This caused sudden inflation, which caused the privately held cash supplies of East Germany to become worthless overnight. As an emergency measure, the Soviets affixed a seal to those Reichsmark and Rentenmark banknotes for which the owners could prove their origin. Only those Mark were exchanged when the Deutsche Notenbank issued the new East German Mark with the subsequent currency reform.

In July 1948, a completely new series of East German Mark was issued. It maintained the official name Deutsche Mark until 1964, but it was known, especially in the west, as the Ostmark, or East mark. For the next several years, the currency was denominated Mark der Deutschen Notenbank (MDN).

The first issue of coins in 1948 consisted of aluminium 1, 5 and 10 Pfennig denominations, with aluminium-bronze 50 Pfennig coins added in 1950. Aluminium 1 Mark, 2 Mark and 50 Pfennig pieces were released for circulation in 1956, 1957 and 1958, respectively. In 1969, brass 20 Pfennig coins were introduced, with nickel-bronze (later cupro-nickel) 5 Mark coins issued from 1968.

On the purple 5 mark note was Thomas Müntzer (1468 - 1525), German radical reformer. On the verso is a huge row of combine harvesters.

On the brown 10 mark note was Clara Zetkin (1857-1933) - who was an influential socialist German politician and a fighter for women's rights. the reverse shows a female chemist working in a modern (sic) lab.

On the green 20 Mark note was Johann Wolfgang von Goethe (1749-1832) - Germany's greatest man of letters. and a group of children leaving some social housing on the reverse.

On the red 50-Mark note is a picture of Friedrich Engels, the co-founder of Marxist theory. The reverse shows an industrial complex like those in the Chemical Triangle in Bitterfeld.

The highest valued and best known of the notes distributed by the Staatsbank was the 100-Mark denomination. The blue note shows Karl Marx on the front, and the back pictures the Palast der Republik in a scene of Unter den Linden strasse. In the background, the Berlin TV tower and the red city hall (Rathaus) can be seen.

The state bank of the GDR had planned to issue 200- and 500-Mark notes. The notes were, in fact, printed in 1971 and in 1984 as a preparation, but were never circulated. A few examples are held by collectors.

These notes differed from the lower-denomination notes in that they did not have a personality on the obverse. The 200-Mark note had on its front a family with two children in front of a modern GDR high-rise. The back pictured a schoolyard with eight children and a teacher. The watermark was a dove of peace.

On the 500-Mark note, the front showed the seal of the GDR (hammer and a pair of compasses in a wreath), while the back showed the State Council (Staatsrat) building of the GDR.

In 1955, East Germany printed special military banknotes, which were never circulated. They were normal notes from 5 to 100 Mark in denomination, along with a handstamp for state coats of arms or "Sample Note". Preparations were made to introduce them in 1980, but they were never carried out. They were intended to be used in international missions of the National People's Army (NVA).

Answer 3

It was the Ostmark.
Exchanging it for Deutsche Marks at 1 to 1 in 1990, when it was really worth much less, was the start of Germany's economic woes. Adopting the Euro 'Scheissgeld' was just the cherry on the cake.

Answer 4

DDR [East Germany] currency : -

East Germany - German Currency - DDR Bank Notes - Banknotes.com ...Currency Gallery: East Germany (GDR) ... DDR-26, 100 Mark 1964 (Karl Marx; Brandenburg Gate; East Berlin), [Picture & Info] ...
http://www.banknotes.com/ddr.htm

East Germany currency was called simply the Deutsch Mark.
[Mark der DDR]. Also OSTMARK [East Mark].

HISTORY OF THE GERMAN MARK
German Currency - Mark, Reichsmark, Rentenmark, Papermark ...Overview about the German Currency since 1871: Mark, Reichsmark, Rentenmark, Papermark, Deutsche Mark, Mark der DDR, Mark Deutscher Notenbanken explained ...
http://www.germannotes.com/hist_mark.shtml

Answer 5

It was the East German Mark

mark der DDR. It was called just a Deutchmark by most Germans, but traded al lot lower compared to the West German Deutchmark.

Answer 6

DM=Deutsche Mark

Answer 7

Without looking at answers already posted, it was the Ostmark.

Answer 8

Mark.

Answer 9

plain and simple "Mark", abbr. M (example: 100,00 M)

Answer 10

Easy one, 1 There is no east germany no more, 2 , answer no 1 what year are you living in really ??????????????????
The currency for Germany and most of Europe is the euro
[thank-god not the uk].