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The same question can be asked of any country which has joined the Euro.
* A common currency reduces the risks of doing business.
* A common currency reduces banking costs because currencies do not have to be exchanged.
* It is particularly beneficial in border areas as there are now fewer "non-trade barriers" or extra costs in trading across borders. It is noticeable that many small businesses (tradesmen etc.) now trade across borders.
* It reduces costs and inconvenience for travellers crossing borders.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoThe most reasonable answer I have for you is because Germany joined the E.U. and needed to change their currency to the Euro to be part of the E.U.. For more info on this topic go to Google and look it up.(or bing)
Answer 2The same question can be asked of any country which has joined the Euro.
* A common currency reduces the risks of doing business.
* A common currency reduces banking costs because currencies do not have to be exchanged.
* It is particularly beneficial in border areas as there are now fewer "non-trade barriers" or extra costs in trading across borders. It is noticeable that many small businesses (tradesmen etc.) now trade across borders.
* It reduces costs and inconvenience for travellers crossing borders.
P.S. Germany was a founder member of the EU's predecessor in 1956. The Euro was not introduced until 2002.
Wiki User
∙ 15y agoGermany adopted the euro in early 2002.
Wiki User
∙ 11y ago2002
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What was the the currency in Germany the euro?
Deutsche Mark preceeded the Euro as the currency in West Germany
When did Germany change their currency from mark to saufeno?
There is no such currency as the "saufeno"!The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What type of currency is used in Berlin?
Berlin is in Germany, the currency of Germany is the Euro(symbol €).
What are Germany's currency called?
Germany's currency is the Euro (symbol '€').
When was the Euro made Germany's currency?
In 1999 euro was used in Germany
What was the currency of Germany before euro?
The currency in Germany before the advent of the euro was the German mark. Germany began using the euro in 2002.
What Germany currency money?
The currency in Germany is the euro.The euro is subdivided into 100 cents.The international trading code is EUR.
What currency do they use in Germany today?
EURO is the currency of Germany.
German currency name?
The currency of Germany is the Euro (€).
What is Germany's capital and its unit of currency?
The capital of Germany is Berlin, the currency is the Euro (€).
What currency was in Germany before the Euro?
Deutsche Mark preceeded the Euro as the currency in West Germany
What are the currency coins in Germany?
Euro
