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What was the currency of east Germany and West Germany?
The currency of West Germany from June 1948 onwards was the Deutsche Mark, divided into 100 Pfennige. East Germany used the Mark der Deutschen Notenbank instead. In 1990 the West German currency was adopted in East Germany some months before reunification. Note that since 2002 the only legal tender currency in Germany is the Euro.
What happened to the German mark after the war?
There was, once again, severe inflation in Germany. The Reichsmark was often not accepted and for many purposes cigarettes were used ... In June 1948 the Reichsmark (RM) was replaced by a new currency, the Deutsche Mark (DM), in the three Western Zones of occupation. RM were converted into DM at the rate of 10:1 on balances up to RM5,000 and 13.5:1 above that.
What happened to the currency of Nazi Germany?
For a long time the currency (the Reichsmark - RM) was artifically propped up, but from 1944 onwards Germany experienced severe inflation (for the second time in a generation). In West Germany the currency was 'reformed' in June 1948 with American support. The new postwar currency was the Deutsche Mark (DM) and it was introduced at the rate of RM10 to DM1. In other words you had to pay ten RM to get one DM. However, on balances of more than RM5000 the rate was RM13.50 to DM1.
What was the German currency in 1993?
It was Mark.
What is Germany's current monetary unit?
Germany's current monetary unit is the Euro ... there are also 1, 2, 5, 10, 20 and 50 cent coins.
What currency was in Germany before the Euro?
Deutsche Mark preceeded the Euro as the currency in West Germany
What was the the currency in Germany the euro?
Deutsche Mark preceeded the Euro as the currency in West Germany
What the currency in Germany before the euro?
German Mark (DEM), also known as the Deutsche Mark, was the official currency of Germany.
What was the currency used in Germany before the Euro?
Before the Euro was introduced to Germany, their currency was the Deutsche Mark. There were 100 Pfennings in a Deutsche Mark.
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.
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 was the currency used in 1984 in Germany?
The Mark.
What was Germany's currency before Euros?
The mark
What country uses the currency dutch mark?
There is no such thing as the "dutch mark".The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What was Germany's former currency?
There have been a few different currencies over the centuries. The predecessor to the "Euro" was the "Deutscher Mark" also known as "D-mark".See link below for more information.The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What marks are the old currency of Germany?
The Deutsche Mark, was the official currency of Germany from 1948 to 2001. Since 2002 Germany has used the Euro (€).
What is the currency in Germany before euro?
Deutsche Mark
