East German mark

currency

Key facts

Code: DDM
Plural: Marks
Symbol: M ‎
Nickname: alu-chips
1 100: Pfennig
Pfennig: Pfennigs
Banknotes: M5, M10, M20, M50, M100, M200 , M500
Freq used: 1pf, 5pf, 10pf, 20pf, 50pf, M1, M2
Rarely used: M5, M10, M20 (commemorative)
User s: Soviet occupation zone German Democratic Republic
Central bank: Staatsbank der DDR
Pegged with: Deutsche Mark = (DM1 – M1)

via Wikipedia infobox

Article

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, was the currency of the German Democratic Republic (East Germany). Its ISO 4217 currency code was DDM. The currency was known officially as the Deutsche Mark from 1948 to 1964, Mark der Deutschen Notenbank from 1964 to 1967, and from 1968 to 1990 as the Mark der DDR (Mark of the GDR). The mark (M) was divided into 100 pfennigs (pf).

History