Deutsche Mark

E2391

currency former national currency

The Deutsche Mark was the former official currency of West Germany and later unified Germany, renowned for its stability and strength until it was replaced by the euro.

Aliases (2)

Deutsche Mark in East Germany ×1
Pfennig ×1

Statements (48)

Predicate	Object
instanceOf	currency → former national currency →
banknotesIssuedBy	Deutsche Bundesbank →
centralBank	Deutsche Bundesbank →
coinsIssuedBy	Federal Republic of Germany →
contributedTo	design of the euro →
country	Germany → West Germany →
era	Cold War → post-World War II Europe →
exchangeabilityStatus	indefinitely exchangeable into euro at Bundesbank →
exchangeableAt	Deutsche Bundesbank →
historicalSignificance	symbol of West German economic strength and stability →
introduced	1948-06-20 →
introducedIn	West Germany →
ISO4217Code	DEM →
knownFor	low inflation → stability → strong exchange rate →
legalTenderEnded	2002-02-28 →
monetaryPolicyAuthority	Deutsche Bundesbank →
officialName	Deutsche Mark →
participatedIn	European Monetary System → Exchange Rate Mechanism →
playedRoleIn	European monetary integration → German economic miracle →
rankAmongWorldCurrencies	one of the most important reserve currencies of the 20th century →
replacedBy	euro →
replacedByDateCash	2002-01-01 →
replacedByDateNonCash	1999-01-01 →
replacedByISO4217Code	EUR →
replacedCurrency	Allied Military Mark → Reichsmark →
shortName	DM →
status	no longer legal tender →
subunit	Pfennig →
subunitToUnit	100 Pfennig = 1 Deutsche Mark →
symbol	DM →
usedIn	Bosnia and Herzegovina → East Germany → Federal Republic of Germany → Kosovo → Montenegro → Saarland → West Berlin → West Germany → unified Germany →
wasReserveCurrency	true →

Referenced by (25)

Subject (surface form when different)	Predicate
American sector of Berlin → West Berlin → West Germany →	currency
DEM → Deutsche Mark → Deutsche Mark →	officialName
State of Berlin → Unified Germany →	formerCurrency
East German mark → Reichsmark →	replacedByCurrency
Euro → euro →	replacedCurrency
East German mark →	blackMarketExchangeRateTo
Central Bank Council →	currencyManaged
NFL Europe →	currencyOfOperations
East German mark →	fixedOfficialExchangeRateTo
Allied Military Mark →	followedBy
Allied Military Mark →	relatedTo
DEM →	represents
Pfennig →	subdivisionOf
Deutsche Mark ("Pfennig") →	subunit
East German mark ("Deutsche Mark in East Germany") →	succeededBy
RM →	usedBefore
British sector of Berlin →	usedCurrency
Pfennig →	usedInCurrency