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The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaʁk] ⓘ; "German mark"), abbreviated "DM" or "D-Mark" ([ˈdeːˌmaʁk] ⓘ), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002.
The German mark was replaced by the euro, first as an accounting currency on 1 January 1999, at a conversion rate of 1.95583 marks per euro. Thereafter, the mark-denominated notes and coins represented the euro at that conversion rate, and remained legal tender until 1 January 2002, when they were replaced by euro notes and coins. Germany mints ...
The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation. [2] The Zollverein unified in 1838 the Prussian and South German currencies at a fixed rate of 1 Prussian thaler = 1 + 3 ⁄ 4 South German gulden = 16.704 g fine silver.
1948 (West Germany) 2002 East German mark East Germany: 1948 1990 Saar franc: Saarland: 1947 1959 Saar mark: Saarland: 1947 1947 Reichsmark Allied-occupied Germany Nazi Germany Weimar Republic: 1924 1948 German Rentenmark Weimar Republic: 1923 1924 German Papiermark Weimar Republic German Empire: 1914 1923 German gold mark German Empire: 1873 1914
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
East German Deutsche Mark (east) (1948–1964) DM: West German and united German Deutsche Mark (west) (1948–2001) ₻ Nordic mark symbol used by Ludvig Holberg in Denmark and Norway in the 17th and 18th centuries [28] ₯ Greek drachma ₠ ECU (1979–1998, not widely used and now historical; replaced by the euro) Eº: Chilean escudo (1960 ...
This is a list of commemorative coins issued by the Federal Republic of Germany. For regular coins , see Deutsche Mark and German euro coins . Those prior to 2002 were denominated in Deutsche Marks; subsequent ones have been denominated in euros .
The convertible mark, the currency of Bosnia and Herzegovina, was fixed to 1 German mark when it was introduced on the basis of the Dayton agreement. Consequently, after introduction of the euro, the convertible mark has used the German-mark-to-euro rate at 1.95583 BAM per euro.