One of the mysteries of the English language finally explained.
(until the introduction of the euro in 2002) the basic monetary unit of Germany, equal to 100 pfennig.
- ‘To enable their zones to work more effectively, the British, Americans and French decided to amalgamate their zones into one unit and introduced into that one unit a new currency - the Deutschmark.’
- ‘The accepted British line now contends that the French have harnessed the Germans by persuading them to give up the Deutschmark for the euro.’
- ‘From the whole euro zone perspective, Germany has the most to lose because the Deutschmark was the strongest of all currencies going into the single currency conversion in the late 1990s, a financial analyst says.’
- ‘The agreement came about very much on German initiative, because the Germans were fearful about abolishing the Deutschmark in favour of a European currency.’
- ‘Earlier, in Munich, a BBC News Online reporter had found that hundreds of people were determined to change their Deutschmarks into euros.’
- ‘Germany's euro conversion rate may be one of the easiest - almost exactly two Deutschmarks to one euro.’
- ‘A majority of Germans were unhappy to be giving up Deutschmarks for euros, with 39 percent indicating they are happy to be making the exchange.’
- ‘This is partly because the Deutschmark joined the euro at too high an exchange rate.’
- ‘Some of the world's biggest currencies, the Deutschmark, the Franc, the Lira, have all been abandoned for the Euro.’
- ‘The dollar slid 55% against the Deutschmark between 1985 and 1987 because of concerns about America's trade imbalance.’
- ‘I went to Germany in 1984, when on a good day, you could get 2.80 Deutschmarks for a dollar.’
- ‘The State Treaty would introduce the Deutschmark as legal tender in East Germany, while the Unity Treaty was about introducing West Germany's political and legal system in the east.’
- ‘The turning point in the return to ‘normality’ in Osnabruck came with the introduction of the Deutschmark in 1948.’
- ‘Much of the earlier strong performance of the Dutch economy was due to a decision in the early 1980s to link the guilder to the Deutschmark through the European Exchange Rate Mechanism.’
- ‘Indeed, acceptance of it was said to be Germany's price for giving up the much-treasured Deutschmark in the first place.’
- ‘It should be emphasised that in 1991 the income from international hunting tourism was 15 million Deutschmarks and in 2001 it was about 2.8 million leva.’
- ‘And outside the European Union itself, countries including Montenegro and Kosovo will also be adopting the euro as their sole legal tender to replace the Deutschmark.’
- ‘Men would turn up with holdalls and shoeboxes piled with notes and turn them into Dutch guilders, Deutschmarks or, latterly, euros.’
- ‘Funds flowed back into the Deutschmark from the dollar, and funds leaving the French franc were also converted into Deutschmarks.’
- ‘While many will resist the disappearance of the Deutschmark, many others believe a stronger euro will emerge in its place.’
From German deutsche Mark ‘German mark’.
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