Status
Euro-area member since 1 January 1999
See Also
Currency Exchange Rate Conversion CalculatorCurrency in Germany: A Complete Guide1 EUR to USD | Convert Euros to US Dollars Exchange Rate in the USAThe eurozone’s problem country: GermanyFixed conversion rate
€1 = 1.95583 DEM
Adoption of the euro
The euro banknotes and coins were introduced in Germany on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The legal tender status of the German mark banknotes and coins ended on 31 December 2001, but they were accepted as payment until 28 February 2002 by virtue of a joint declaration from retail and banking associations.
Exchange of former national currency
Deutsche Bundesbank(National Central Bank of Germany) will continue to exchange unlimited amounts of mark notes and coins for an unlimited period.
Institutions
- Deutsche Bundesbank(National Central Bank of Germany, also inEnglish)
- Bundesministerium der Finanzen(Federal Ministry of Finance, also in English
- German mints:
- Das Bayerische Hauptmünzamt (also in English)
- Staatliche Münzen Baden-Württemberg (also in English)
- Staatliche Münze Berlin
- Hamburgische Münze
