Monetary union: Western marks for all
The economic, monetary and social union of West Germany and the GDR comes into force on 1 July 1990. The changes spell the end of the Eastern mark. GDR citizens finally have access to the Western mark, a long-time symbol of West German prosperity.
Adults can change up to 4,000 Eastern marks at a rate of 1:1. For pensioners the maximum is 6,000. Savings in excess of those limits will be changed at a rate of 2:1. Wages and pensions are converted 1:1, and debts are halved.
Brigitte Wnuck von Lipinski, landlady of Gittis Bierbar in Mitte, talks about the night before GDR money went out of circulation.
Alexanderplatz (Deutsche Bank), 10178 Berlin
"Gittis Bierbar" Berlin Mitte, Brückenstraße 13, 10179 Berlin