Currency - 1.83 million Deutschmarks exchanged in Saxony and Thuringia
People are still finding Deutschmarks when clearing out, moving house or after the death of relatives. In Saxony and Thuringia, a total of 1.828 million Deutschmarks were exchanged for euros this year up to the end of November, according to the Bundesbank. In return, people received around 935,000 euros at the Bundesbank branches in Chemnitz, Leipzig and Erfurt. In the same period last year, just under 1.4 million Deutschmarks were exchanged.
Coins and bills worth billions are still in circulation throughout Germany: According to the Deutsche Bundesbank, the value of cash not yet exchanged amounted to just under 12.2 billion marks (around 6.24 billion euros). The central bank assumes that some of this is also located outside Germany.
Consumers can exchange D-Mark bills and coins for an unlimited period and free of charge at all 31 branches of the Deutsche Bundesbank or by post via the Bundesbank branch in Mainz. The exchange rate remains unchanged: One euro can be exchanged for 1.95583 D-Mark.
Head office in Saxony and Thuringia
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- The Deutsche Bundesbank has a head office not only in Berlin, but also in various regions, such as Saxony and Thuringia.
- During a recent cleanup in Dresden, a resident discovered a stash of old D-Mark bills worth over 10,000 Deutschmarks.
- Saxony and Thuringia have been significant areas for the exchange of Deutschmarks, with the Bundesbank branches in Chemnitz, Leipzig, and Erfurt handling a large portion of these exchanges.
- With the conversion rate set by the Deutsche Bundesbank, 1 euro can be exchanged for approximately 1.96 Deutschmarks, the equivalent of the old d-mark currency.
Source: www.stern.de
