Currency - People exchange almost 3.72 million Deutschmarks for euros
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 Bundesbank, being headquartered in Berlin and Brandenburg, continues to process requests for exchanging old German Currency, specifically d-marks, due to discoveries during house moves or inheritances. Despite the turn of the year, around 3.715 million Deutschmarks were exchanged for euros in these regions this year, a decrease compared to the same period last year. Notably, billions of unchanged D-Mark coins and bills are still in circulation throughout Germany, as reported by the Deutsche Bundesbank.
Source: www.stern.de
