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The first 1 DM coins weren't struck until 1950. (However, there were notes for 1 DM). ___ If you are asking about purchasing power or the exchange rate, the value of the Deutsche Mark, when introduced in June 1948, was fixed at 30 US cents, so US$1 = DM3,33. This was based on various assumptions about the old Reichsmark, some of which were incorrect. In September 1949, following the 30% devaluation of the British Pound against the USD, the Federal Republic devalued the currency to the 'historic' rate of DM4,20 = US$1. It stayed at that level till 1961.
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When was Deutsche Mark created?
Deutsche Mark was created in 1948.
How much is 60 in zwanzig deutsche mark in us dollars?
In 1948 all previous forms of the Deutsche Mark including the Zwanzig Deutsche mark merged into one common conversion rate. In 2002 the Deutsche Mark was considered null and void of value and was replaced by the euro.
Which country's currency is the deutsche mark?
The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What currency did the US and its allies introduced into western portions of Germany in 1948?
deutsche mark
What was the currency in German before the euro?
The currency of Germany before the Euro was introduced in 2002 was the Deutsche Mark, or Mark for short.
What is a mark in german money?
The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What was the German currency in 2001?
The German currency From 1948 until the 28th of February 2002 was the "Deutsche Mark". This was divide into down into 100 pfenning (pennies)
Is the German Mark the same as the Deutsche Mark?
Since 2002 the only legal tender currency in Germany has been the Euro. The currency before that (1948-2002) was called the Deutsche Mark (DM), which was generally referred to in English as the Deutschmark or the German Mark. From 1925-1948 the currency was the Reichsmark (RM), which should not be translated.In particular, Deutsch is simply the German word for German
What is the value of of 1998 deutsche mark?
at todays value a US dollar is less the 2 marks on the market
How do you make US money into deutche mark?
The Deutsche Mark is no longer legal tender.It was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).The only place you can buy Deutsche Mark is in antique or currency collectors' shops.
What currency was in Germany before the Euro?
Deutsche Mark preceeded the Euro as the currency in West Germany
What German money that has the symbol DM?
DM stands for Deutsche Mark which was the currency in from 1948-2002. In 2002 it was replaced by the Euro.
