Translation of Ostmark in Spanish:

Ostmark

marco de la RDA, n.

Pronunciation /ˈɒstmɑːk//ˈɑstmɑrk/

noun

Finance History

  • 1

    marco de la RDA masculine
    • Remarkably, his countrymen, who had seen him swap valuable D-marks for worthless Ostmarks in 1990, accepted his decision with barely a murmur of dissent.
    • 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.
    • Like nearly all former East Germans, he is unsentimental about the Ostmark.
    • 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.