Information about legend: BANK DEUTSCHER LÄNDER

Full textBank deutscher Länder

Translated from German: Bank of German States.

Germany / One Pfennig 1948

The Bank deutscher Länder (Bank of German States), abbreviation BdL, was the first central bank for the Deutsche Mark. It was founded on 1 March 1948 and was replaced in 1957 by the Deutsche Bundesbank.

The main task of the BdL was to manage currency policy in the American and British occupation zones in Germany. On 21 June 1948 the Bank deutscher Länder introduced the Deutsche Mark currency in the three western zones of occupation. On 1 November 1948, state central banks in the French zone, which had adopted the Deutsche Mark in June too, joined the BdL. In May 1949 the Federal Republic of Germany (West Germany) was founded, however, the BdL remained subject to the control of the three Western Allied powers - the United States, the United Kingdom and France until 1951. Later, BdL became an independent agency of the West German states, similar to the concept of independence displayed by the Federal Reserve System in the United States.

German coinage issued in 1948 and 1949 had the legend "BANK DEUTSCHER LÄNDER" on its obverse; after the Federal Republic of Germany was founded, the legend was changed in 1950 to BUNDESREPUBLIK DEUTSCHLAND.

BANK DEUTSCHER LÄNDER - Example/s on coins
Germany / One Pfennig 1948

BANK DEUTSCHER LÄNDER legend on a Pfennig coin

Germany / One Pfennig 1948

The legend was briefly shown on coins of the smaller (Pfennig) denominations. Marks were issued later and, together with the post-1949 Pfennigs, had the BUNDESREPUBLIK DEUTSCHLAND legend instead.

BANK DEUTSCHER LÄNDER - Germany - (5) Coins
Coin NameMintageEffigy
One Pfennig 1948 239,435,984
Fifty Pfennigs 1949 152,453,452
Five Pfennigs 1949 285,395,919
One Pfennig 1949 402,684,951
Ten Pfennigs 1949 498,518,250
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Legend: Details
Year From1948
Year To1949
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