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April 26, 1990 | Associated Press
East Germans rushed to their banks Wednesday to withdraw their savings, hoping to get the best possible exchange rate with the mighty West German mark. While official delegations from both Germanys met behind closed doors in East Berlin to forge a plan for monetary union, worried people stood in long lines outside their banks, eager to rescue some of their savings. The high-level negotiations now taking place are based on a Bonn proposal for a basic 1-for-1 exchange rate for wages and pensions.
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NEWS
April 26, 1990 | Associated Press
East Germans rushed to their banks Wednesday to withdraw their savings, hoping to get the best possible exchange rate with the mighty West German mark. While official delegations from both Germanys met behind closed doors in East Berlin to forge a plan for monetary union, worried people stood in long lines outside their banks, eager to rescue some of their savings. The high-level negotiations now taking place are based on a Bonn proposal for a basic 1-for-1 exchange rate for wages and pensions.
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