Source
/Newsreader: Good evening, ladies and gentlemen. With the
introduction of a common currency and the abolition of border controls,
the unification of Germany has been practically completed as of midnight
today.
The State Treaty on Economic, Monetary and Social Union
between the Federal Republic of Germany and the German Democratic
Republic has come into force. The German mark thus also became the only
official means of payment in the GDR. The citizens of the GDR greeted
the introduction of the market economy and the Deutschmark with cheers,
firecrackers and horn concerts. There were no incidents worth
mentioning.
/Reporter: The night when the Deutschmark arrives will
be a long night. They celebrate as they did on New Year's Day, not
shedding a tear for the old Ostmark. A branch of the largest West German
bank on Alexanderplatz in East Berlin opened at midnight. The occasion
led to a celebration of 10,000 people. Many of them had spent their last
GDR marks in pubs and restaurants, before flocking to the bank counters.
The Trabi, once an object of desire, is now being kicked. The era of
hard currency has begun. The prelude at Alex is followed by the
widespread distribution of Deutschmarks. The rush begins at 9
am.
But as a rule, people remain calm and disciplined. For all
their joy, they know that the market economy will completely change
their lives and cause them problems. Some people have the maximum amount
of 2,000 marks paid out straight away, but most are content with much
less and start saving on the day of monetary union. The fact that money
can also work: a new realization for many. They waited hours for the
banks and savings banks to open so that they could get their hands on
the precious bills as early as possible. It's a big day, they say again
and again, but also a very exciting one. People are uncertain and don't
really know what's coming. And some people feel quite
anxious.
/Reporter: And what kind of day is it for you
today?
/GDR citizen: Well, quite excited. I was excited all night,
I had to go to the toilet all the time, and my stomach ached. And I'm
completely unsettled, I can't even describe it.
/Reporter: That's
how many people feel today. The mood is good, but not exuberant. Within
a few months, they have experienced a change of political system and a
currency reform. That needs to be processed. The start of the D-Mark era
has been a success, and the citizens of the GDR, it seems, are intent on
maintaining stability. The majority have resolved not to go on a
spending spree, and so today much less cash is crossing bank counters
than expected.
40 years of socialism have also taught people to be
cautious.
Source: Tagesschau news broadcast
July 1, 1990.
tagesschau.de
https://www.tagesschau.de/multimedia/video/video-ts-50154.html