Germany Banknotes DDR 20 Mark banknote 1975
State Bank of the GDR - Staatsbank der DDR
Obverse: Portrait of Johann Wolfgang von Goethe (1749-1832), German writer and statesman & National Emblem of the GDR at upper left.
Reverse: Several young children exiting a modern school building, meant to emphasize the importance of education in the GDR & the National Emblem of the German Democratic Republic at left.
Watermark: portrait of Johann Wolfgang von Goethe.
Size : 128 x 56 mm.
Printer: VEB Wertpapierdruckerei der DDR, Leipzig.
German Democratic Republic Mark Banknotes
1971-1985 Issue
Upon adoption of the deutsche Mark in East Germany on 1 July 1990, the East German mark was converted at par for wages, prices and basic savings (up to a limit of 4000 Mark per person, except a smaller number for children and a larger number for pensioners). Larger amounts of savings, company debts and housing loans were converted at a 2:1 rate whilst so-called "speculative money", acquired shortly before unification, was converted at a rate of 3:1. These inflated exchange rates were intended by the government of the Federal Republic of Germany as a massive subsidy for eastern Germany.
5 Mark DDR 10 Mark DDR 20 Mark DDR 50 Mark DDR 100 Mark DDR