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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).
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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.
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The East German coffee crisis was a shortage of coffee in the late 1970s in East Germany caused by a poor harvest and unstable commodity prices, severely limiting the government's ability to buy coffee on the world markets. As a consequence, the East German government increased its engagement in Africa and Asia, exporting weapons and equipment to coffee-producing nations.
Christa Luft is a German economist and politician of the SED/PDS. Luft joined the SED in 1958. From 18 November 1989 to 18 March 1990, she was the Minister of Economics in the Modrow government. From 1994 to 2002 she was member of the Bundestag for the PDS.
Inner German relations, also known as the FRG-GDR relations, East Germany-West Germanyrelations or German-German relations, were the political, diplomatic, economic, cultural and personal contacts between the Federal Republic of Germany and the German Democratic Republic during the division of Germany in history of the country from 7 October 1949 to 3 October 1990.
References
- ↑ Historical Dictionary of German Intelligence
- ↑ Ghost Strasse: Germany's East Trapped Between Past and Present
- ↑ "DDR - Volkspolizei" (in German). Archived from the original on 2013-12-07. Retrieved 2014-04-28.