Definition of Ostmark in English:

Ostmark

Line breaks: Ost|mark
Pronunciation: /ˈɒstmɑːk
 
/

noun

historical
  • The basic monetary unit of the former German Democratic Republic, equal to 100 pfennig.
    More example sentences
    • Problems were made worse when the German currency union took effect, following the decision to convert East German Ostmarks at an artificially high rate into Deutschmarks.
    • There is even a hotel in the town of Zittau where guests can change their euros into Ostmarks, be ignored by hotel staff and spied upon by secret service agents.
    • In addition, the exchange rate of the Ostmark against the Deutsche Mark underwent substantial revaluation with the currency reform which converted Ostmarks into DM at 1:1 with large holdings being exchanged at 2:1.

Origin

German, literally 'east mark' (see mark2).

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