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German Monetary Union and Currency Reform

Johannes Stephan

Chapter 3 in Economic Transition in Hungary and East Germany, 1999, pp 51-71 from Palgrave Macmillan

Abstract: Abstract On 18 May 1990, the government of the FRG published the ‘Vertrag über die Schaffung einer Währungs-, Wirtschafts- und Sozialunion zwischen der Bundesrepublik Deutschland und der Deutschen Demokratischen Republik’ (unification Treaty) which outlined the conditions of German Monetary Union in general and in particular the rates of conversion between the DM and GDR-mark. As of 1 July 1990, the legal tender of the GDR (the GDR-mark) ceased to exist and was substituted by the West German currency, the DM.

Keywords: Exchange Rate; Conversion Rate; Banking Sector; Monetary Union; German Democratic Republic (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230596580_3

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