Over the objections of Bundesbank president Karl Otto Pöhl, he allowed a 1:1 exchange rate for wages, interest and rent between the West and East Marks. In the end, this policy would seriously hurt companies in the new federal states. Together with Foreign Minister Hans-Dietrich Genscher, Kohl was able to resolve talks with the former Allies of World War II to allow German reunification. He received assurances from Gorbachev that a reunified Germany would be able to choose which international alliance it wanted to join, although Kohl made no secret that he wanted the reunified Germany to inherit West Germany's seats at NATO and the EC.