Deutschmark - Hutchinson encyclopedia article about Deutschmark Printer Friendly
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Deutschmark

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Deutschmark

Former German currency unit, replaced in 2002 by the single currency of the European Union, the euro.


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To arrest inflation, the government established a currency board, which tied the exchange rate of the Estonian kroon to the deutschmark and, later, the euro.
Notable career moves: Fall headed the team that led the first Deutschmark Global Bond for the World Bank and headed a team that led the $4 billion, 30-year Brady exchange for Venezuela.
borrower's related-party debt from Deutschmarks (DM) into U.
 
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