Currency - Almost 3.72 million Deutschmarks exchanged for euros in 2023
People are still finding Deutschmarks when clearing out, moving house or after the death of relatives. In Berlin and Brandenburg, a total of 3.715 million Deutschmarks were exchanged for euros this year up to the end of November, as the Bundesbank reported on request. This corresponds to an equivalent value of just under 1.9 million euros. In the same period last year, just under 4.15 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 Berlin and Brandenburg
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- The Deutsche Bundesbank, headquartered in Berlin, reported an increase in Deutschmarks exchanged for euros in Berlin and Brandenburg during the first eleven months of this year.
- Despite the turn of the year, many people in Brandenburg are still discovering hidden D-Mark currency, reflecting Germany's rich financial history.
- The Bundesbank branch in Mainz offers a postal service to exchange D-Mark bills and coins, maintaining its headquarters in Berlin, which continues to act as a significant economic hub in Germany.
Source: www.stern.de
