Moreover, when East Germany adopted the Deutsche Mark as legal tender on July 1, 1990, just ahead of German unification in October of the same year, the East German mark was converted at par for wages, prices, pensions and savings up to a limit of 4000 East Mark/person.
What does DM stand for?
DM stands for Deutsche Mark (German Mark)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of DM
We have 95 other meanings of DM in our Acronym Attic
- Design Memorandum
- Design Methodologies
- Designated Marksman
- Desk Manager
- Desperate Measures (band)
- Desperation Move (gaming)
- destination management
- Destroyer Minelayer
- Detachable Magazine
- Detection and Monitoring (US DoD)
Samples in periodicals archive:
The Deutsche mark was a symbol of West German stability and economic strength in the decades after World War Two and former Chancellor Helmut Kohl struggled to convince the public of the benefits of the euro in the 1990s before its introduction.
If the company has no view on the direction of the deutsche marks, the management can look at the forward rates and quote a deutsche mark price for the pineapples to be paid in three months time.
As one foundryman put it, "they shipped each casting with deutsche marks all over it.
dollar LIBOR against LIBOR rates of the deutsche mark, British pound, Swiss franc, and Australian dollar, and LIBOR rates of the deutsche mark and Swiss franc against LIBOR rates of the Italian lira, Spanish peseta, and other high-yielding currencies of the European Exchange Rate Mechanism.