‘Europe’, whatever it may mean, was ‘a good thing’ - therefore we had to tie the Pound to the D-mark, at the wrong price.
The introduction of the D-mark, which involved a vigorous reduction in the money supply after the massively inflationary over-production of the wartime era, utterly transformed daily life.
Germany is the only eurozone country where the national currency ceased to be legal tender at midnight on December 31, although most shops accepted D-marks and returned change in euro.
The German papers wanted Becker as the poster boy for a resurgent fatherland, awash in D-marks and on the threshold of reunification.
Finally until its abolition in the late 1990s, the D-mark consistently held the trust of the global foreign exchange markets.
‘I comfort myself that the good things in the D-mark will continue in the euro,’ said the bank chief.
The European Monetary System exerted some discipline over inflation rates, by the very fact that countries linked their exchange rates to the D-mark.
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.
Definition of D-mark in US English:
D-mark
nounˈdēmärk
short for Deutschmark
Example sentencesExamples
Germany is the only eurozone country where the national currency ceased to be legal tender at midnight on December 31, although most shops accepted D-marks and returned change in euro.
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.
The German papers wanted Becker as the poster boy for a resurgent fatherland, awash in D-marks and on the threshold of reunification.
Finally until its abolition in the late 1990s, the D-mark consistently held the trust of the global foreign exchange markets.
‘I comfort myself that the good things in the D-mark will continue in the euro,’ said the bank chief.
The European Monetary System exerted some discipline over inflation rates, by the very fact that countries linked their exchange rates to the D-mark.
The introduction of the D-mark, which involved a vigorous reduction in the money supply after the massively inflationary over-production of the wartime era, utterly transformed daily life.
‘Europe’, whatever it may mean, was ‘a good thing’ - therefore we had to tie the Pound to the D-mark, at the wrong price.