deutsche mark


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deutsche mark

A unit of currency in Germany before the adoption of the euro. "Deutsche" means "German," while "mark" refers to a bar of silver or gold. Look at these cool deutsche marks that my parents have from their honeymoon in Europe.
See also: mark
References in periodicals archive ?
In fact, recent studies, again using official data, show that the deutsche mark was already weaker in 1998, at the eve of the euro, than it was in 1980, almost twenty years before.
As an example, let's assume that our Nigerian company is expecting to receive a payment of DM100,000 into its dollar account in three months time, and the company's objective is to hedge the downside risk (ie, the risk that the deutsche mark may weaken).
A strong franc became a cornerstone of French politics in the late eighties and meant that the deutsche mark and the franc should keep parity.
dollar exchange rate and the deutsche mark LIBOR rate.
monetary policy, which will lead to larger and more frequent fluctuations in the euro exchange rate than were normal with the exchange rate between Deutsche marks and dollars.
The lev, the Bulgarian currency, is pegged to the single currency and while a drop in the euro will boost exports, a collapse of the euro will force Bulgaria to look for alternative currencies to peg the lev to, probably a mix between the Deutsche mark and the US dollar," he forecast.
Mancini applauded the 1990 decision of Mitterrand and Kohl to ordain "the immolation of the deutsche mark on the altar of a common European currency.
If you price in deutsche marks, you will, of course, have an exchange rate loss when the deutsche mark weakens against the dollar and an exchange rate gain when the deutsche mark strengthens.
We also like the dollar against the European currencies, especially the deutsche mark.
Moreover, when East Germany adopted the Deutsche Mark as legal tender on July 1, 1990, just ahead of German unification in October of the same year, the East German mark was converted at par for wages, prices, pensions and savings up to a limit of 4000 East Mark/person.
But, instead of Greece being pushed out the door, analysts say an outside-the-box solution to the euro zone's sovereign-debt problem would be for Germany to voluntarily withdraw from the euro and reinstall the Deutsche mark.
For the latter half of the 20th century, the Bundesbank in Germany operated as a totally independent and autonomous institution ensuring low inflation and making the Deutsche Mark one of the world's most stable currencies.
High German net contributions, massive immigration pressure, and problems with integrating foreign workers would quickly lead to a political movement in favor of Germany leaving the European Union: get back the deutsche mark, control immigration, and save on billions in EU contributions.
The government is not worried about that peg because it is actually to the Deutsche mark and a in the event of any changes to the euro zone a it would continue to follow whatever Germany used.
In particular, pre-EMU history suggests that the Netherlands and Belgium would follow Germany and anchor themselves to a re-incarnated Deutsche mark.
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