East German mark

Mark of the German Democratic Republic

Mark der Deutschen Demokratischen Republik (German)
M1 coin
ISO 4217
Code	DDM
Unit
Plural	Marks
Symbol	M‎
Nickname	alu-chips
Denominations
Subunit
1⁄100	Pfennig
Plural
Pfennig	Pfennigs
Symbol
Pfennig	pf
Banknotes	M5, M10, M20, M50, M100, M200b, M500b
Coins
Freq. used	1pf, 5pf, 10pf, 20pf, 50pf, M1, M2
Rarely used	M5, M10, M20 (commemorative)
Demographics
User(s)	Soviet occupation zone German Democratic Republic
Issuance
Central bank	Staatsbank der DDR
Valuation
Pegged with	Deutsche Mark = (DM1 – M1)a
This infobox shows the latest status before this currency was rendered obsolete. ^a The East German mark was officially a nonconvertible domestic currency. ^b The 200- and 500-mark notes were printed, but never released into circulation.

The East German mark (German: Mark der DDR [ˈmaʁk deːɐ̯ ˌdeːdeːˈʔɛʁ] ^ⓘ), commonly called the eastern mark (German: Ostmark [ˈɔstmaʁk] ^ⓘ) in West Germany and after reunification), in East Germany only Mark, was the currency of the German Democratic Republic (East Germany). Its ISO 4217 currency code was DDM. The currency was known officially as the Deutsche Mark from 1948 to 1964, Mark der Deutschen Notenbank from 1964 to 1967, and from 1968 to 1990 as the Mark der DDR (Mark of the GDR). The mark (M) was divided into 100 pfennigs (pf).