Definition of Ostmark in English:

Ostmark

noun

historical
  • The basic monetary unit of the former German Democratic Republic, equal to 100 pfennig.

    • ‘There is even a hotel in the town of Zittau where guests can change their euros into Ostmarks, be ignored by hotel staff and spied upon by secret service agents.’
    • ‘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.’
    • ‘In addition, the exchange rate of the Ostmark against the Deutsche Mark underwent substantial revaluation with the currency reform which converted Ostmarks into DM at 1:1 with large holdings being exchanged at 2:1.’
    • ‘Problems were made worse when the German currency union took effect, following the decision to convert East German Ostmarks at an artificially high rate into Deutschmarks.’
    • ‘Like nearly all former East Germans, he is unsentimental about the Ostmark.’

Origin

German, literally east mark (see mark).

Pronunciation:

Ostmark

/ˈɒstmɑːk/