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Information about currency: Deutsche Mark

Currency nameDeutsche Mark
CountryGermany
Dates1948 - 2002
System

1 Mark = 100 Pfenige

Description

The Deutsche Mark (German mark), abbreviated "DM", was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002. 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 the adoption of the euro. In English, but not in German, it is commonly called the "Deutschmark".

In 1999, 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.

Currency Deutsche Mark was used:
Country From To
Kosovo Deutsche Mark 1999 2002
Montenegro Deutsche Mark 1996 2002
Bosnia and Herzegovina Deutsche Mark 1992 1998
Germany Deutsche Mark 1948 2002