Definition, Meaning & Synonyms

ostmark

noun

/ˈɔːstˌmɑːrk/

Definition

Ostmark is a term that refers to the former official currency of East Germany, known more recently as the East German mark.

Examples

Before reunification, the Ostmark was the only currency accepted in East German shops.
Many East Germans had to exchange their Ostmarks for West German marks after the fall of the Berlin Wall.

Meaning

The Ostmark represented the economy of East Germany prior to the reunification of Germany and was used in various transactions and economic activities.