Jauerfood

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Jauerfood AG was a Denmark- based company that belonged to the GDR currency procurement system of the commercial coordination of Alexander Schalck-Golodkowski .

Jauerfood AG was founded in 1956 in Copenhagen- Valby by Gunnar Jauer. The purpose of the company was to deliver food to the GDR, which was paid for by the recipients with foreign currency saved abroad . Since GDR citizens were no longer able to access their assets in the West from 1959 onwards, Jauerfood agreed on a different modality with the GDR's Foreign Trade Ministry . The company now offered people from the West the opportunity to select goods from the Genex catalog, pay for them in foreign currency and have the goods delivered to a GDR citizen. A GDR citizen or a parish could thus acquire coveted consumer goods within a very short time. Since the majority of products were produced in the Eastern Bloc and an exchange rate of 1: 1 between D-Mark and Mark of the GDR was used as a basis, the GDR received the coveted foreign currency in this way.

In addition to the Jauerfood company, the GDR also used the Zurich-based Palatinus GmbH to sell the Genex catalogs in the West, to look after customers and to transfer the money to the GDR via their accounts in the FRG.

The size of the business continued to grow over time. In 1988 the gross income of Jauerfood AG was around 175,000,000 US dollars .

With the fall of the Berlin Wall in 1989, the business basis of Jauerfood AG also ceased.

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