In 1990, East Germany replaced its currency to unite its economy with the West
Months before the official reunification of Germany, the East abandoned its own currency for the Western Deutsche Mark, a high-stakes economic gamble that instantly changed the lives of millions of people.
On July 1, 1990, East Germany effectively surrendered its economic sovereignty to the West by adopting the Deutsche Mark. This monumental shift occurred three months before political reunification, as the collapsing East German state sought to halt a mass exodus of its citizens.
There's more to this story — open the app to keep reading.