Horst Kaminsky

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Horst Kaminsky (born March 20, 1927 in Markranstädt ; † July 25, 2019 ) was a German politician ( SED ) and President of the GDR State Bank .

Life

Kaminsky completed an apprenticeship as an industrial clerk after leaving school. In 1944 he joined the NSDAP and at the end of the Second World War still had to do military service in the Wehrmacht.

In 1946 he joined the SED and worked as plant manager and chief accountant of the VEB Askania in Teltow near Berlin , then as chief department head in the Ministry of General Mechanical Engineering , as an employee of the State Planning Commission and the Economics Council. He later studied economics and law at the Humboldt University in Berlin .

Between 1964 and 1974 Kaminsky acted as 1st Deputy Minister and State Secretary in the Ministry of Finance of the GDR and was also chairman of the editorial board of the magazine "Sozialistische Finanzwirtschaft". After the resignation of the previous president of the GDR State Bank, Margarete Wittkowski , Kaminsky was appointed President of the GDR State Bank by the Council of Ministers at the end of April 1974 . Associated with this appointment was membership in the Council of Ministers of the GDR . He was sworn in as Minister on September 30, 1974. Kaminsky also headed the GDR delegation to the bank councils of the International Bank for Economic Cooperation and the International Investment Bank .

In May 1988 Kaminsky received the then West German Bundesbank President Karl Otto Pöhl . On February 28, 1990, Kaminsky and Finance Minister Walter Siegert presented the model of a two-tier banking system to the People's Chamber into which the GDR State Bank was to be transformed. As a result, the state bank's subordination to the Council of Ministers should be abolished and the state bank transformed into a central bank whose central task should be the monitoring of currency stability. In addition, a reduction in the tax burden for craftsmen and tradespeople to 60% and the corporation tax to 50% was planned. Positive synergy effects for the market economy were expected from this. This model was no longer implemented. The introduction of the DM on July 1, 1990 meant a currency appreciation and thus brought the collapse of most of the GDR's economy. With the reunification Kaminsky lost his post on October 3, 1990.

Kaminsky died on July 25, 2019 at the age of 92.

Awards

literature

Web links

Individual evidence

  1. ^ New Germany of April 30, 1974
  2. ^ New Germany of October 1, 1974
  3. ↑ Obituary notice in Neues Deutschland from August 31st / August 1st. September 2019, p. 6.