- Monetary unit:
- the Country code:
- Germany, Federal Republic
- of 349 520 sq. km
- a German (state)
- DE (DEU) 276
The Federal Republic of Germany is an exhibiting country the European Union . Monetary unit - euro - to equal 100 eurocents.
Till January, 1st, 2002 DM - to equal 100 pfennigs were cash token moneys of Germany. A nominal number of the native currency of Germany has been presented by notes of denomination of 5, 10, 20, 50, 100, 200, 500, 1000 DM.
Till 1871 in northern part of Germany in circulation there was a thaler of the North German monetary union, in southern - a gulden of the South German monetary union. The law from December, 4th, 1871 had been entered the common currency for all German empire - gold mark and coins in 10 and 20 marks which were a lawful legal tender in the unlimited sums are released. Along with gold marks former silver coins of northern and southern Germany addressed. The gold coin standard is injected by the law (the monetary charter) from July, 9th, 1873 on the basis of the indicated gold content of mark. Former coins of all names have been withdrawn in exchange for marks on certain parities and the new change silver coins which were a lawful legal tender only within 20 marks are manufactured. Thus, since December, 4th 1871 till July, 9th, 1873 in Germany the bimetallism acted.
The Note issue in marks was carried out by a Reichsbank and four government banks. Since August, 4th, 1914, the First World War beginning right after, exchange of notes on gold has been terminated. The inflation which has followed it proceeding till 1923, has led to almost complete depreciation of mark. The law from October, 15th, 1923 had been created the Reserve bank to which the note issuing authority in rent marks has been granted. In October, 1924 the law on reorganisation of a Reichsbank with granting to it of a note issuing authority in reichsmarks with a former pre-war gold content has come into force. In September, 1944 in the circulation marks of Allied military command, obligatory to reception on a level with reichsmarks and rent marks have been manufactured.
On June, 21st, 1948 in the western zones Germany (Germany) occupied
The USA, Great Britain and France, has been spent
Currency reform also is manufactured the DM which has replaced the general German token moneys - reichsmarks, rent marks and
Marks of Allied military command. After realisation of separate currency reform in the western zones of occupation of Germany the Soviet military command has been compelled to make on June, 23rd, 1948 currency reform and in East Germany (since October, 7th, 1949 - the German Democratic Republic). During this reform marks on which reichsmarks, rent marks and marks of Allied military command interchanged have been manufactured.
After falling of the Berlin wall and recombination of Germany (Germany and GDR) in 1990 monetary units remained DM of Germany.
With development of technologies of a fake of token moneys, in 1996, Bundesbank has made the decision on introduction of additional functions of safety on the most widespread nominal values - 50, 100 and 200 marks. They have been expressed in hologrammes from a foil in the center of face side of the note, a matte printing on the right, showing dignity, and also EURion constellation on the back. Besides, colours have been a little changed in pastel tones.
It is updated 05.2012