The introduction of the new currency was intended to protect western Germany from a second wave of hyperinflation and to stop the rampant barter and black market trade (where American cigarettes acted as currency). The change was finished with the introduction of the 5, 500, and 1000 DM denominations on 27 October 1992.

Male and female artists were chosen in equal numbers. For more information, see the German wikipedia article "Mark der DDR" (in German). More German Deutsche Mark info > What was the worth of 1 billion German mark in 1923 or 1000 Polish zloty in 1980?

In response the United States distributed the new currency in West Berlin as well. The new security features were: a windowed security-thread (with the notes' denominations in microprinting), watermark, micro-printing, intaglio-printing (viewing-angle dependent visibility as well as a Braille representation of the notes denomination), colour-shifting ink (on the 500 and 1000 DM denominations), a see-through register and ultraviolet-visible security features. East German marks were exchanged for German marks at a rate of 1:1 for the first 4000 Marks and 2:1 for larger amounts. These coins were legal tender only in the territory of the former East Germany. Famous national artists and scientists were chosen to be portrayed on the new banknotes.

(e.g. To show German Marks and just one other currency click on any other currency. The exchange rate for the German Mark was last updated on August 9, 2020 from The International Monetary Fund. The subdivision unit is spelled Pfennig, which unlike Mark does have a commonly used plural form: Pfennige, but the singular could also be used instead with no difference in meaning. Next was the 20 DM note on 20 March 1992 (printed on 2 August 1991). The Deutsche Mark (German mark) was the official currency of West Germany (1948-1990) and Germany (1990-2002) until the adoption of the euro in 2002. The reverses of the notes refer to the work of the person on the obverse. On the black market the exchange rate was about 5 to 10 East Ms for a DM (when travel was permitted, e.g.

The masses and dimensions of the coins can be found in an FAQ of the Bundesbank. First to be issued were the 100 and 200 DM denominations on 1 October 1990 (although the banknote shows "Frankfurt am Main, 2.

In 1989 black market rates were about 3.77-4.40 Ostmark to 1 DM. The DEM conversion factor has 6 significant digits. Current exchange rate US DOLLAR (USD) to GERMAN MARK (DEM) including currency converter, buying & selling rate and historical conversion chart.

Add your comment to this page Exchange rates Statistical publications: new concept and flexible download options As of 16 April 2020, the Bundesbank’s statistical publications will appear in a new format. The German Mark is also known as Deutschmark, and Deutsche Mark.

It was first issued under Allied occupation in 1948 replacing the Reichsmark, and served as the Federal Republic of Germany's official currency from its founding the following year until 1999, when the Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins in early 2002. The DEM conversion factor has 6 significant digits.

On 27 December 2000, the German government enacted a law authorizing the Bundesbank to issue, in 2001, a special .999 pure gold 1 DM coin commemorating the end of the German mark.

place of birth, place of death, place of work), as well as the second background picture (Lyra and the musician Schumann). The next denomination was 10 DM on 16 April 1991, followed by 50 DM in autumn the same year. On 31 December 1998, the European Central Bank (ECB) fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. There were a considerable number of commemorative silver 5 and 10 DM coins, which actually had the status of legal tender but were rarely seen outside of collectors' circles. Although the new currency was initially only distributed in the three western occupation zones outside Berlin, the move angered the Soviet authorities, who regarded it as a threat.

The German Mark is also known as Deutschmark, and Deutsche Mark. Before reunification, each citizen of East Germany coming to West Germany was given Begrüßungsgeld, greeting money, a per capita allowance of 100 DM in cash. With the advance of forgery technology, the Bundesbank decided to introduce additional security features on the most important denominations (50, 100, and 200 DM) as of 1996. These were a hologram foil in the center of the note's obverse, a matted printing on the note's right obverse, showing its denomination (like on the reverse of the new €5, €10, and €20 banknotes), and the EURion constellation on the note's reverse.

The German Mark is the currency in Germany (DE, DEU). The reason for this gradual introduction was, that public should become familiar with one single denomination, before introducing a new one. The Soviets promptly cut off all road, rail and canal links between the three western zones and West Berlin - starting the Berlin Blockade. DEM - German Deutsche Mark. The design of German banknotes remained unchanged during the 1960s, 1970s and 1980s. The official form is singular. Januar 1989"). One Deutsche Mark was divided into 100 Pfennig. The buildings in the background of the notes' obverses had a close relationship to the person displayed (e.g. Feel free to Enter the amount to be converted in the box to the left of the currency and press the "convert" button. The colours for each denomination remained unchanged from the previous series but the designs underwent significant changes and a 200 DM denomination was introduced.

The exchange rate for the German Mark was last updated on August 12, 2020 from The International Monetary Fund. One EUR is equivalent to 1.95583 DEM. It was replaced with the Euro (EUR) on January 1, 1999. The text on this page has been made available under the Got something to say on this page? The currency code for Deutsche Marks is DEM.