Deutschmark

AAA

DEFINITION of 'Deutschmark'

The official currency of Germany until Germany's adoption of the euro in 1999. The deutschmark replaced the Reichsmark in 1948, following the second World War. It was the currency of West Germany until reunification.




INVESTOPEDIA EXPLAINS 'Deutschmark'

Deutschmark coins and bank notes were left in circulation from 1999 until 2002, at which time they were taken out of circulation and ceased to be legal tender. The German central bank, the Deutsche Bundesbank, continues to allow the conversion of the deutschmark into euros.


The deutschmark was long-considered one of the most stable currencies, especially compared to the currencies of other European countries.

RELATED TERMS
  1. Ifo Business Climate Survey

    A key monthly survey that measures the business climate in Germany. ...
  2. D-Mark

    The official currency of Germany until it adopted the euro in ...
  3. European Central Bank - ECB

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

    The official currency of the European Union's (EU) member states. ...
  5. Central Bank

    The entity responsible for overseeing the monetary system for ...
  6. Currency

    A generally accepted form of money, including coins and paper ...
Related Articles
  1. Andre Kostolany: Germany's Stock Market ...
    Fundamental Analysis

    Andre Kostolany: Germany's Stock Market ...

  2. Top 8 Most Tradable Currencies
    Forex Education

    Top 8 Most Tradable Currencies

  3. The Impact Of Currency Conversions
    Forex Education

    The Impact Of Currency Conversions

  4. Exploring Non-Dollar Currencies For ...
    Options & Futures

    Exploring Non-Dollar Currencies For ...

comments powered by Disqus
Hot Definitions
  1. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center