DEMxxx Germany Deutsche Mark exchange rate Live chart (Germany / Deutsch / Deutschland currency, code: DEM, symbol: DM)

Germany (Deutsch /Deutschland) currency : Germany Deutsche Mark (ISO 4217 currency code: DEM, symbol: DM) : 1 Deutsche Mark (DM) = 100 Pfennig (pf). € 1 (euro) = DM 1.95583 (mark). Official currency of Federal Republic of Germany (Bundesrepublik Deutschland). Deutsche Mark (German mark), abbreviated "DM" or "D-Mark", was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002. Deutsche Mark was first issued under Allied occupation in 1948 to replace the Reichsmark (from 1924 to 20 June 1948, Symbol ℛℳ). Deutsche Mark was pegged by Bosnia and Herzegovina convertible mark, Bulgarian lev at par. In 1873, the first mark, known as the Goldmark, was introduced. With the outbreak of World War I, the mark was taken off the gold standard and the mark thus became known as the Papiermark. On November 15, 1923, the Papiermark was replaced by the Rentenmark (RM). In 1924, the Papiermark was replaced by the Reichsmark (ℛℳ). On June 20, 1948, the Deutsche Mark was officially introduced. In 1999, the Deutsche Mark was replaced by the euro at the rate of € 1 (euro) = DM 1.95583 (mark). Central bank is Central bank of the Federal Republic of Germany (Deutsche Bundesbank : BBk), Headquartered in Frankfurt, Hesse, Germany. Deutsche Bundesbank is the central bank of the Federal Republic of Germany and as such part of the European System of Central Banks (ESCB). Due to its strength and former size, the Bundesbank is the most influential member of the ESCB. Printer is Bundesdruckerei, Giesecke & Devrient. Mint are Bayerisches Hauptmünzamt, Munich (Mint mark: D), Hamburgische Münze (J), Staatliche Münze Berlin (A), Staatliche Münzen Baden-Württemberg, formed by Staatliche Münze Karlsruhe (G), Staatliche Münze Stuttgart (F).