Deutsche Mark | |
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Deutsche Mark (German) Marka Gjermane (Albanian) Njemačka marka (Croatian) Nemačka marka / Немачка марка (Serbian) |
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DM 10 banknote.
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ISO 4217 | |
Code | DEM |
Denominations | |
Subunit | |
1⁄100 | Pfennig |
Plural | Mark |
Pfennig | Pfennig |
Symbol | DM |
Pfennig | pf |
Banknotes | |
Freq. used | DM 10, DM 20, DM 50, DM 100, DM 200 |
Rarely used | DM 5, DM 500, DM 1000 |
Coins | |
Freq. used | 1 pf, 2 pf, 5 pf, 10 pf, 50 pf, DM 1, DM 2, DM 5 |
Demographics | |
Official user(s) |
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Unofficial user(s) |
Republic of Kosova (1999–2002) Bosnia and Herzegovina (1992–1998) Montenegro |
Issuance | |
Central bank | Deutsche Bundesbank |
Website | www |
Printer | |
Website | |
Mint |
List
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Website | |
Valuation | |
Inflation | 1.4%, December 2001 |
Pegged by | Bosnia and Herzegovina convertible mark, Bulgarian lev at par |
ERM | |
Since | 13 March 1979 |
Fixed rate since | 31 December 1998 |
Replaced by €, non cash | 1 January 1999 |
Replaced by €, cash | 1 January 2002/28 February 2002 |
€ = | DM 1.95583 |
This infobox shows the latest status before this currency was rendered obsolete.
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The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaɐ̯k], German mark), abbreviated "DM" or "D-Mark" , was the official currency of West Germany (1948–1990) and unified Germany (1990–2002) until the adoption of the euro in 2002. In English, but not in German, it is commonly called the "Deutschmark" (/ˈdɔɪtʃmɑːrk/). It was first issued under Allied occupation in 1948 to replace the Reichsmark, and served as the Federal Republic of Germany's official currency from its founding the following year until 1999, when the mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins in early 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the other eurozone nations, where the euro and legacy currency circulated side by side for up to two months. Mark coins and banknotes continued to be accepted as valid forms of payment in Germany until 28 February 2002. However, in 2012, it was estimated that as many as 13.2 billion marks were in circulation, with polls showing a narrow majority of Germans favouring the currency's restoration.