Information on currency : Deutsche mark

Page last updated on December 9, 2023

Currency code (ISO 4217):

DEM

Numeric code:

276

Currency symbol:

Subunit (quantity):

Pfennig (100)

Country or territory:

Germany (DE)

Status:

No longer in use

Replaced by

Euro (EUR)

Exchange rate mechanism:

Monetary authority:

(created: )

The Deutsche Mark was the official currency of the Federal Republic of Germany before the country adopted the Euro. It was in use from 1948 to 2002.

The Deutsche Mark was introduced after World War II in 1948. It was replaced by the Euro on January 1, 2002, when Germany, along with several other European countries, adopted the common currency.

Subunits

The Deutsche Mark was divided into 100 pfennigs.

Coins and Banknotes

The Deutsche Mark had various denominations of coins and banknotes. Coins were issued in pfennigs and Deutsche Marks, while banknotes were issued in various denominations.

Euro Adoption

Germany adopted the Euro on January 1, 2002. From this date, the Deutsche Mark ceased to be legal tender, and all transactions switched to the Euro.

Since the adoption of the Euro, the Deutsche Mark is no longer in circulation, and any remaining banknotes and coins are considered collector's items. The Euro is now the official currency used in Germany.

Exchange Rate

The exchange rate at which the Deutsche Mark was replaced by the Euro was fixed at 1 Euro = 1.95583 Deutsche Marks.