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East Germany and West Germany merge their economies, with the West German Deutsche Mark replacing the East German mark a

East Germany and West Germany merge their economies, with the West German Deutsche Mark replacing the East German mark as the official currency

The Deutsche Mark, abbreviated "DM" or "D-Mark", was the official currency of West Germany from 1948 until 1990, and then 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.

It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1.

Historical Significance

The Deutsche Mark, abbreviated "DM" or "D-Mark", was the official currency of West Germany from 1948 until 1990, and then unified Germany from 1990 until the adoption of the euro in 2002.

Events Before

  1. Fall of the Berlin Wall

    The Berlin Wall falls as East Germany opens its borders, symbolizing the end of the Cold War and the beginning of German reunification.

  2. Year of the Young Reader begins

    Batman Begins is a 2005 superhero film based on the DC Comics character Batman. Directed by Christopher Nolan, who co-wrote the screenplay with David S.

  3. British comedy sketch series "A Bit of Fry and Laurie", starring Stephen Fry and Hugh Laurie, debuts on BBC1

    A Bit of Fry & Laurie is a British sketch comedy television series written by and starring former Cambridge Footlights members Stephen Fry and Hugh Laurie, broadcast on both BBC1 and BBC2 between…

  4. Poland's communist government begins "Round Table" talks with the Solidarity trade union and its leader Lech Wałęsa in a

    Poland's communist government begins "Round Table" talks with the Solidarity trade union and its leader Lech Wałęsa in an attempt to ease growing social unrest

  5. NBA power forward Charles Barkley (26) weds legal aide Maureen Blumhardt in Elkton, Maryland

    NBA power forward Charles Barkley (26) weds legal aide Maureen Blumhardt in Elkton, Maryland

Events After

  1. Peter Burling is born

    Peter Burling, New Zealand athlete, known for new zealand sailor, was born on 1991-01-01. Peter Burling is a New Zealand sailor.

  2. 5% sales tax on consumer goods and services goes into effect in the USSR

    The history of the United States from 1980 until 1991 includes the last year of the Jimmy Carter presidency, eight years of the Ronald Reagan administration, and the first three years of the George...

  3. Baseball officially bans Pete Rose from being elected to the Hall of Fame for betting on baseball

    Peter Edward Rose Sr. (April 14, 1941 – September 30, 2024), nicknamed "Charlie Hustle", was an American professional baseball player and manager.

  4. Operation Desert Storm begins, with US-led coalition forces bombing Iraq, during the Gulf War

    The Gulf War was an armed conflict between Iraq and a 42-country coalition led by the United States.

  5. CBS News correspondent Bob Simon and four TV crew members are captured and held for 40 days by Iraqi forces during the G

    CBS News correspondent Bob Simon and four TV crew members are captured and held for 40 days by Iraqi forces during the Gulf War

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Poppy [Moriah Rose Pereira] is born

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Frequently Asked Questions

What happened on July 1, 1990?
The Deutsche Mark, abbreviated "DM" or "D-Mark", was the official currency of West Germany from 1948 until 1990, and then 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.
Why is East Germany and West Germany merge their economies, with the West German Deu... significant?
The Deutsche Mark, abbreviated "DM" or "D-Mark", was the official currency of West Germany from 1948 until 1990, and then unified Germany from 1990 until the adoption of the euro in 2002.

Explore More

July 1 in HistoryYear 1990