West Berlin was a political enclave which comprised the western part of Berlin from 1948 until 1990, during the Cold War. Although West Berlin lacked any sovereignty and was under military occupation until German reunification in 1990, the territory was claimed by the Federal Republic of Germany (FRG), despite being entirely surrounded by East Germany (GDR). The legality of this claim was contested by the Soviet Union and other Eastern Bloc countries. However, West Berlin de facto aligned itself politically with the FRG from May 1949 and was thereafter treated as a de facto city-state of that country. After 1949, it was directly or indirectly represented in the institutions of the FRG, and most of its residents were citizens of the FRG.
The Deutsche Mark, abbreviated "DM" or "D-Mark" ( ), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark". One Deutsche Mark was divided into 100 pfennigs.
The Deutsche Bundesbank is the German member of the Eurosystem and has been the monetary authority for Germany from 1957 to 1998, issuing the Deutsche Mark (DM). It succeeded the Bank deutscher Länder, which had introduced the DM on 20 June 1948.
The East German mark, commonly called the eastern mark in West Germany and after reunification), in East Germany only Mark, was the currency of the German Democratic Republic. 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. The mark (M) was divided into 100 Pfennig (pf).
The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable variations, however, occurred throughout the Middle Ages.
Intershop was a chain of government-owned and operated retail stores in the German Democratic Republic in which only hard currencies could be used to purchase high-quality goods, usually from or associated with Western countries. The East German mark was not accepted as payment. Intershop was originally oriented towards visitors from Western countries, and later became an outlet where East Germans could purchase goods they could not otherwise obtain. An unintended consequence was that ordinary East Germans had some insight into the selection of goods available in the West, which they could then compare with the rather limited offerings available in their own country.
The Lithuanian litas (ISO currency code LTL, symbolized as Lt; plural litai or litų was the currency of Lithuania, until 1 January 2015, when it was replaced by the euro. It was divided into 100 centų. The litas was first introduced on 2 October 1922 after World War I, when Lithuania declared independence, and was reintroduced on 25 June 1993 following a period of currency exchange from the Soviet ruble to the litas with the temporary talonas then in place. The name was modeled after the name of the country. From 1994 to 2002, the litas was pegged to the U.S. dollar at the rate of 4 to 1. The litas was pegged to the euro at the rate of 3.4528 to 1 since 2002. The euro was expected to replace the litas by 1 January 2007, but persistent high inflation and the economic crisis delayed the switch.
The Reichsmark was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948. The Reichsmark was then replaced by the Deutsche Mark, to become the currency of West Germany and then all of Germany after the 1990 reunification. The Reichsmark was used in the Soviet occupation zone of Germany until 23 June 1948, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 Reichspfennig. The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; Reich comes from the official name for the German state from 1871 to 1945, Deutsches Reich.
The convertible peso was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar.
The dinar was the currency of Yugoslavia. It was introduced in 1920 in the Kingdom of Serbs, Croats and Slovenes, which was replaced by the Kingdom of Yugoslavia, and then the Socialist Federal Republic of Yugoslavia. The dinar was subdivided into 100 para.
Corecom was a chain of hard-currency stores during the Communist rule in Bulgaria. Goods were often priced cheaper than in the West; however, they were still inaccessible for most Bulgarians because the national currency, the lev, was not accepted at the stores. Apart from Western diplomats and visitors, access to hard currency was a privilege of the nomenklatura and a few other people who were authorised to travel abroad or do business with Westerners. Anyone purchasing goods at Corecom but not authorised to possess foreign currency ran the risk of investigation by the authorities.
A foreign exchange certificate (FEC) is a tool for foreign exchange control in countries where the national currency is subject to exchange controls or is not convertible. The arrangements vary significantly case by case.
Tuzex was a series of state-run shops in Czechoslovakia from 1957 to 1992 which did not accept normal Czechoslovak koruna currency but only vouchers which could be purchased from banks using foreign currency. They supplied luxury items: local goods in short supply and in particular foreign goods. The Tuzex vouchers were effectively an unofficial parallel currency.
The State Bank of the GDR was the central bank of East Germany. It was established on 1 January 1968 from the Deutsche Notenbank and took over the majority of the same tasks.
Giesecke+Devrient is a German company headquartered in Munich that provides banknote and securities printing, smart cards, and cash handling systems.
Bon towarowy PeKaO cheques were substitute legal tender used in the Polish People's Republic. The Polish government, needing hard foreign currency, introduced them in 1960. Citizens of Poland had to exchange foreign currency they had into these notes, issued by the government-controlled Bank Pekao. They were only accepted in special shops in Poland where one could buy restricted, imported goods. Outside of these shops and the entire country, bons had no value and were not regarded as legal tender.
The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced 12 currencies on 1 January 2002, it inherited their use in territories such as Montenegro and replaced minor currencies tied to pre-euro currencies, such as in Monaco. Four small states have been given a formal right to use the euro, and to mint their own coins, but all other usage outside the eurozone has been unofficial. With or without an agreement, these countries, unlike those in the eurozone, do not participate in the European Central Bank or the Eurogroup.
The paper money of the Qing dynasty was periodically used alongside a bimetallic coinage system of copper-alloy cash coins and silver sycees; paper money was used during different periods of Chinese history under the Qing dynasty, having acquired experiences from the prior Song, Jin, Yuan, and Ming dynasties which adopted paper money but where uncontrolled printing led to hyperinflation. During the youngest days of the Qing dynasty paper money was used but this was quickly abolished as the government sought not to repeat history for a fourth time; however, under the reign of the Xianfeng Emperor, due to several large wars and rebellions, the Qing government was forced to issue paper money again.
The Zhuangpiao, alternatively known as Yinqianpiao, Huipiao, Pingtie (憑帖), Duitie (兌帖), Shangtie (上帖), Hupingtie (壺瓶帖), or Qitie (期帖) in different contexts, refer to privately produced paper money made in China during the Qing dynasty and early Republic of China periods issued by small private banks known as qianzhuang. Other than banknotes qianzhuang also issued Tiexian.
The German language developed differently in East Germany (DDR), during its existence as a separate state from 1949 to 1990, from the German of West Germany because of significant differences in the country's political and socio-cultural environment. Additionally, from the late 1960s onwards the political leaders of the DDR were intent on affirming the independence of their state by "isolationist linguistic politics" with the objective of demarcating East Germany from West Germany by actively reducing the unity of the German language.
