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Forum checks () were a form of
Neue Währung in den Intershops
Economy of East Germany Currencies of Germany {{Money-stub
Forum checks () were a form of hard currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and ...
in East Germany
East Germany, officially known as the German Democratic Republic (GDR), was a country in Central Europe from Foundation of East Germany, its formation on 7 October 1949 until German reunification, its reunification with West Germany (FRG) on ...
. From April 1979, all East Germans were required by law to convert any Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it ...
s of West Germany
West Germany was the common English name for the Federal Republic of Germany (FRG) from its formation on 23 May 1949 until German reunification, its reunification with East Germany on 3 October 1990. It is sometimes known as the Bonn Republi ...
(and other western currencies) they possessed into Forum checks at a branch of the Staatsbank der DDR immediately. A Forum check Mark was worth 1 West German Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it ...
, the smallest denomination was 50 Pfennig
The pfennig (; . 'pfennigs' or 'pfennige' ; currency symbol, symbol pf or ₰) or penny is a former Germany, German coin or note, which was an official currency from the 9th century until the introduction of the euro in 2002. While a valua ...
s and the highest was for 500 West German Deutsche Marks. Forum checks were accepted in Intershops as payment for western consumer goods and other products which were available in these shops only.
Forum checks were a type of foreign exchange certificate.
Foreign citizens could use western currencies in these shops.
Denominations
See also
* Foreign exchange certificate * Bon Towarowy PeKaOExternal links
*Neue Währung in den Intershops
Economy of East Germany Currencies of Germany {{Money-stub