The official currency of Germany until it adopted the euro in 2002. D-mark is an abbreviation of Deutsche Mark, whose official currency code is DEM. The sub-unit of the D-mark was the pfennig, with each Deutsche mark divided into 100 pfennig.


The D-mark was first issued in 1948, replacing the Reichsmark, when the Allies occupied Germany after World War II. With the introduction of the euro, the European Central Bank fixed the irrevocable exchange rate for the D-mark at 1.95583 per euro, effective January 1, 1999.

  1. Currency

    Currency is a generally accepted form of money, including coins ...
  2. Deutschmark

    The official currency of Germany until Germany's adoption of ...
  3. Exchange Rate Mechanism - ERM

    An exchange rate mechanism is based on the concept of fixed currency ...
  4. Quote Currency

    The second currency quoted in a currency pair in forex. In a ...
  5. Bundesbank

    The central bank of Germany. The Bundesbank is the U.S. equivalent ...
  6. European Central Bank - ECB

    The central bank responsible for the monetary system of the European ...
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