Как пишется дойч марки

Марка ФРГ нем. Deutsche Mark
Банкноты Монеты
Код ISO 4217	DEM
Страна	ФРГ
Состоит из	100 пфеннигов
Символ	DM
Монеты	1, 2, 5, 10, 50 пфеннигов, 1 DM, 2 DM, 5 DM
Банкноты	5 DM, 10 DM, 20 DM, 50 DM, 100 DM, 200 DM, 500 DM, 1000 DM
Центральный банк	Немецкий федеральный банк
Вебсайт	www.bundesbank.de
Обменный курс
Рейхсмарка III Рейха	= 0,1[1] DEM
Евро	= 1.95583 DEM

Немецкая марка (нем. Deutsche Mark, сокр. DM, в разговорной речи также D-Mark) — денежная единица Федеративной Республики Германии, вышедшая из обращения после перехода на евро в 2002 году.

История

Введение

После Второй мировой войны Германия была разделена на четыре оккупационные зоны. 21 июня 1948 года в британской, французской и американской оккупационной зоне неожиданно для советской зоны была введена немецкая марка (нем. Deutsche Mark). С этого момента в Германии действовали две разные денежные единицы: в западной части немецкая марка, а в восточной оставалась в обращении рейхсмарка, которая позднее была заменена на новую валюту — марка ГДР.^[2]

Проект ввода новой валюты создавался под кодовым названием «Bird dog».^[3] Новые банкноты были напечатаны в США и привезены в Германию в апреле 1948 года. В бывшей казарме в Ротвестене под Касселем были собраны специалисты, которые в условиях строжайшей секретности подготовили нужные законы и провели организационную подготовку ввода денег. Выпуск немецкой марки первоначально осуществлялся Банком немецких земель, с 1957 года — Немецким федеральным банком. Она имела хождение с 1948 до 2002 года.

Курс рейхсмарки к немецкой марке для текущих платежей был установлен 1:1 ^[4] Для обмена денег действовал курс 10:1.

Население получило право поменять 400 рейхсмарок на 40 немецких марок единовременно 21 июня и ещё 200 рейхсмарок на 20 немецких марок в течение двух месяцев. Все деньги, которые до 26 июня 1948 года не были сданы в банки, стали недействительными.

Половина средств на банковских счётах обменивалась по курсу 10:1, вторая половина была заморожена. Согласно Четвёртому закону об упорядочении денежной системы ^[5] 70 % этой суммы пропала, 20 % стало свободно доступным, остальные 10 % оставались замороженными до 1954 года.

В результате получается эффективный курс 100 рейхсмарок на 6,50 немецких марок.

Пример: 100 RM => 10 DM, из них => 5 DM сразу доступны + 5 DM заморожены.

Из замороженных денег 5 DM => 3,50 DM пропали + 1 DM доступны + 0,50 DM заморожены до 1954 года.

Стабильность

Немецкая марка славилась своей стабильностью и считалась «твёрдой валютой». На репутацию этой валюты работало сравнение покупательной способности немецкой марки с другими валютами. Ниже приведена статистика, ^[6] раскрывающая соотношение стоимости валюты в 1977 году в сравнении с данными 1950 года в следующих странах:

• Великобритания 18 %
• Япония 19 %
• Франция 21 %
• Италия 22 %
• Швеция 23 %
• Нидерланды 27 %
• Бельгия 35 %
• США 40 %
• Швейцария 42 %
• ФРГ 44 %.

Немецкая марка обесценилась сильно, почти наполовину, что однако меньше (в некоторых случаях значительно меньше), чем валюты других сравниваемых стран. За почти 50 лет — с момента запуска немецкой марки в обращение в 1948 г. и до перехода на евро в начале 1999 г. — её покупательная способность сократилась почти на четверть. Средний уровень инфляции за этот период составляет чуть менее 3 %, что выше, чем у евро, который воспринимается как более «мягкая» валюта. Обесценивание немецкой марки объясняется высокими темпами экономического роста, которые часто ведут к росту инфляции.

Вследствие высокого уровня инфляции местных денежных единиц в Косово и Черногории немецкая марка на некоторое время стала официальной валютой^[7][8]. Во многих восточноевропейских странах немецкая марка из-за большого спроса считалась неофициальной государственной валютой. Некоторые валюты, например конвертируемая марка в Боснии и болгарский лев, были «привязаны» к марке по курсу 1:1.

До конца сентября 2005 года по данным Немецкого федерального банка 45 % находившихся в обороте монет ещё не было обменено на евро. Общая стоимость этих монет составляет 7,24 миллиардов марок. Из общего числа находившихся в обороте банкнот на этот момент времени не было обменено около 3 % (7,59 миллиардов марок); большинство из них (76,5 миллионов банкнот) — купюры по 10 марок.

Отмена

С 1 января 1999 года после перехода на евро немецкая марка перестала быть самостоятельной валютой и находилась в обращении исключительно в качестве недесятично подчинённой ему денежной единицы. Монеты и банкноты оставались законным платёжным средством до 24:00 31 декабря 2001 года. С этого момента немецкие марки и пфенниги принимались к обмену на евро и центы без ограничений во времени и без дополнительных расходов в отделениях Бундесбанка. Большинство предприятий торговли и кредитных учреждений, взяв на себя добровольные обязательства, принимали устаревшее платёжное средство и после введения наличных евро вплоть до 28 февраля 2002 года. Отдельные магазины проводят акции по обмену марок на евро в случае приобретения у них товаров.

Монеты

Монеты ФРГ
Изображение	Номинал	Параметры	Описание	Дата
Аверс	Реверс	Диаметр	Масса	Материал	Гурт	Аверс	Реверс	выпуска[9]	отмены
	1 Пфенниг	16,50 мм	2,00 г	Cu, Fe		гладкий	номинал	дубовые листья	24 января 1949 года	31 декабря 2001 года
	2 пфеннига	19,25 мм	3,25 г 2,90 г		23 октября 1950 года
	5 пфеннигов	18,50 мм	3,00 г	Cu/Zn, Fe		гладкий	номинал	дубовые листья	2 января 1950 года	31 декабря 2001 года
	10 пфеннигов	21,50 мм	4,00 г		21 мая 1949 года
	50 пфеннигов	20,00 мм	3,50 г	Cu 75 Ni 25		гладкий	номинал	женщина, сажающая росток дуба	14 февраля 1950 года	31 декабря 2001 года
	1 марка	23,50 мм	5,50 г		узор	орёл	18 декабря 1950 года
	2 марки	26,75 мм	7,00 г		надпись и узор	портреты политических деятелей	8 мая 1951 года
	5 марок	29,00 мм	11,20 г 10,00 г	магнимат		номинал	8 мая 1952 года

На аверсе монет достоинством в 2 марки были изображены следующие личности:

• Макс Планк
• Конрад Аденауэр
• Теодор Хойс
• Курт Шумахер
• Людвиг Эрхард
• Франц Йозеф Штраус
• Вилли Брандт

Кроме того выпускались памятные монеты достоинством 5 и 10 марок. Памятные монеты достоинством 5 марок в 1952—1979 гг. чеканились из серебра 625 пробы (вес 11,20 г), а в 1979—1986 гг. — из медно-никелевого сплава. Монеты достоинством 10 марок выпускались в 1972—2001 гг. и были изготовлены сначала из серебра 625 пробы (1972—1998), затем 900 пробы (1998) и 925 пробы (1998—2001). Вес монеты номиналом 10 марок равнялся 15,50 г.

Места чеканки

Буква	Город	Период
A	Берлин	1990-2001
D	Мюнхен	1948-2001
F	Штутгарт	1948-2001
G	Карлсруэ	1948-2001
J	Гамбург	1948-2001

Банкноты

Первая и вторая серия банкнот издавались Банком немецких земель. Внешним видом они ориентировались на доллар США ^[10].

3-я серия
Изображение	Номинал (в марках)	Размеры (мм)	Основной цвет	Описание	Дата печати
Аверс	Реверс	Аверс	Реверс	Водяной знак
		5	120 x 60	светло-зелёный	Портрет венецианки (по мотивам одноимённой картины Дюрера)	дубовые листья	.	6 мая 1963
		10	130 x 65	серо-голубой	Портрет молодого человека (по мотивам одноимённой картины Дюрера)	Горх Фок II	.	21 октября 1963
		20	140 x 70	зелёный	Портрет нюрнбергской патрицианки Эльсбет Тухер (по мотивам картины Дюрера)	Скрипка и Кларнет	.	10 февраля 1961
		50	150 x 75	коричневый	Мужской портрет (по мотивам картины неизвестного швабского мастера «Мужчина с ребёнком», хранящейся в Штеделевском художественном институте во Франкфурте)	Голштинские ворота в Любеке	.	18 июня 1962
		100	130 x 65	синий	Портрет космографа Себастиана Мюнстера (по мотивам картины Христофа Амбергера из Берлинской картинной галереи)	Орёл	.	26 февраля 1962
		500	170 x 85	красно-коричневый	Мужской портрет (по мотивам «Портрета безбородого мужчины» немецкого художника Ганса из Шваца)	Замок Эльц	.	26 апреля 1965
		1000	180 x 90	коричневый	Портрет доктора Шейринга (по мотивам одноимённой картины Лукаса Кранаха Старшего)	Кафедральный собор в Лимбурге-на-Лане	.	27 июля 1964

4-я серия
Изображение	Номинал (в марках)	Размеры (мм)	Основной цвет	Описание	Дата печати
Аверс	Реверс	Аверс	Реверс	Водяной знак
		5	122 x 62	жёлто-зелёный	писательница Беттина фон Арним	Бранденбургские ворота	.	27 октября 1992
		10	130 x 65	сине-фиолетовый	математик, астроном и физик Карл Фридрих Гаусс	Секстант	.	16 апреля 1991
		20	138 x 68	зелёный	поэтесса Аннетте Дросте-Хюльсхофф	Перо	.	30 марта1992
		50	146 x 71	коричневый	архитектор Йоганн Бальтазар Нейман	Здание вюрцбургского Дворца-резиденции и чертёж церкви бенедиктинского аббатства в Нересхайме в осевом сечении	.	2 февраля 1998
		100	154 x 74	синий	композитор и пианистка Клара Шуман	Рояль	.	1 августа 1997
		200	162 x 77	красно-оранжевый	врач, лауреат Нобелевской премии Пауль Эрлих	Микроскоп	.	1 августа 1997
		500	170 x 80	алый	натуралист и художница Мария Сибилла Мериан	Одуванчик лекарственный	.	27 октября 1992
		1000	178 x 83	красно-коричневый	учёные-филологи и сказочники братья Гримм	«Словарь немецкого языка» братьев Гримм и Старая библиотека в Берлине	.	27 октября 1992

Курс к доллару

Курс немецкой марки к доллару достиг своего исторического пика 19 апреля 1995 г., когда один доллар США стоил 1,3620 марки (в пересчёте 1 € = 1,4360 $).^[11]

Самый низкий курс немецкой марки пришёлся на период с 3 по 9 апреля 1956 г., когда один доллар стоил 4,2161 марок (в пересчёте 1 € = 0,4639 $).^[11]

См. также

• Евро
• Марка ГДР
• Марка (денежная единица Германии)
• Экономика Германии
• Приветственные деньги

Примечания

Ссылки

• Deutsche Bundesbank : Монеты, Банкноты (нем.)

• Галерея монет мира Дона Норриса — Германия(англ.)
• Галерея бумажных денег мира Рона Вайза — Федеративная Республика Германия ^{Зеркало}(англ.)
• Всемирная история денежного обращения — Германия(англ.)
• Global Financial Data — Немецкая марка(англ.)
• Таблица истории мировых валют сайта Global Financial Data ( в формате Microsoft Excel)(англ.)

Предшественник: Рейхсмарка, Рентная марка Причина: предотвратить в Западной Германии вторую волну гиперинфляции Соотношение: 1 DM = 1 RM в сумме до 600 RM, 1 DM = 10 RM более 600 RM и каждый человек получил 40 DM	Валюта Западной Германии 21 июня 1948 года – 1990	Валюта Германии 1990 – 31 декабря 2001 года Примечание: евро использовался как отчетная валюта с 1 января 1999 года	Преемник: евро Причина: введение единой европейской валюты Соотношение: 1 евро = 1,95583 марки
Предшественник: Марка ГДР Причина: Объединение Германии Соотношение: один к одному до 4000 марок, 2 марки ГДР = 1 DM более 4000 марок
Предшественник: Югославский динар Причина: политические и экономические	Валюта Косово, Черногория 1999 – 31 декабря 2001 года

This article is about the mark issued by the Federal Republic of Germany. For the mark issued by the German Democratic Republic, see East German mark. For the currency of the German Empire from 1873 to 1914, see German mark (1871).

Deutsche Mark

Deutsche Mark (German) D-Mark
Deutsche Mark banknotes from 1989
ISO 4217
Code	DEM
Unit
Unit	Mark
Plural	Mark
Symbol	DM‎
Denominations
Subunit
1⁄100	Pfennig
Plural
Pfennig	Pfennig
Symbol
Pfennig	pf
Banknotes
Freq. used	DM5, DM10, DM20, DM50, DM100, DM200
Rarely used	DM500, DM1,000
Coins
Freq. used	1pf, 2pf, 5pf, 10pf, 50pf, DM1, DM2, DM5
Demographics
Official user(s)	None, previously: List Trizone (1948–1949)  West Germany (1949–1990) West Berlin (1949–1990)  East Germany (July–October 1990)  Germany (1990–2002)
Unofficial user(s)	Kosovo (under UNMIK)[a] (1999–2002)[1] Bosnia and Herzegovina (1992–1998) Montenegro (1999–2002, in parallel with the Yugoslav dinar until 2000) Eastern Slavonia (under UNTAES) (1996–1998) (in parallel with the Croatian Kuna and Yugoslav dinar)[2]
Issuance
Central bank	Deutsche Bundesbank
Website	www.bundesbank.de
Printer	Bundesdruckerei Giesecke & Devrient
Website	Bundesdruckerei Giesecke & Devrient
Mint	List Bayerisches Hauptmünzamt, Munich (Mint mark: D) Hamburgische Münze (J) Staatliche Münze Berlin (A) Staatliche Münzen Baden-Württemberg, formed by Staatliche Münze Karlsruhe (G) and Staatliche Münze Stuttgart (F)
Website	List Munich mint Hamburg mint Berlin mint Karlsruhe-Stuttgart mints
Valuation
Inflation	1.4%, December 2001
Pegged by	Bosnia and Herzegovina convertible mark, Bulgarian lev at par
EU Exchange Rate Mechanism (ERM)
Since	13 March 1979
Fixed rate since	31 December 1998
Replaced by euro, non cash	1 January 1999
Replaced by euro, cash	1 March 2002
1 € =	DM 1.95583
This infobox shows the latest status before this currency was rendered obsolete.

The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaʁk] (listen); English: German mark), abbreviated «DM» or «D-Mark» ([ˈdeːˌmaʁk] (listen)), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the «Deutschmark» (). One Deutsche Mark was divided into 100 pfennigs.

It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany’s official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1.^[3] In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the other eurozone states, where the euro and legacy currency circulated side by side for up to two months. Mark coins and banknotes continued to be accepted as valid forms of payment in Germany until 28 February 2002.

The Deutsche Bundesbank has guaranteed that all German marks in cash form may be changed into euros indefinitely, and one may do so in person at any branch of the Bundesbank in Germany. Banknotes and coins can even be sent to the Bundesbank by mail.^[4] In 2012, it was estimated that as many as 13.2 billion marks were in circulation, with one poll from 2011 showing a narrow majority of Germans favouring the currency’s restoration (although only a minority believed this would bring any economic benefit).^[5][6] Newer polls indicate that only a minority of Germans is supportive of a reintroduction of the Deutsche Mark.^[7]

History[edit]

Before 1871[edit]

A mark had been the currency of Germany since its original unification in 1871. Before that time, the different German states issued a variety of different currencies, the most common being the North German thaler and the South German gulden. By 1857 though both currencies have been linked to the Vereinsthaler, a silver coin containing 16+2⁄3 grams of pure silver. Although the German gold mark was based on gold rather than silver (at 2.79 marks per gram of fine gold), a fixed exchange rate between the Vereinsthaler and the mark of 3 marks = 1 Vereinsthaler was used for the conversion.

1873–1948[edit]

The first mark, known as the Goldmark, was introduced in 1873. With the outbreak of World War I, the mark was taken off the gold standard. The currency thus became known as the Papiermark, especially as high inflation, then hyperinflation occurred and the currency became exclusively made up of paper money. The Papiermark was replaced by the Rentenmark (RM) from November 15, 1923, and the Reichsmark (ℛℳ) in 1924.

Early military occupation following WWII[edit]

During the first two years of occupation the occupying powers of France, United Kingdom, United States, and the Soviet Union were not able to successfully negotiate a possible currency reform in Germany. Due to the strains between the Allies each zone was governed independently as regards monetary matters. The US occupation policy was governed by the directive JCS 1067 (in effect until July 1947), which forbade the US military governor «to take any steps to strengthen German financial structure».^[8] As a consequence a separate monetary reform in the U.S. zone was not possible.^[8] Each of the Allies printed its own occupation currency.

Currency reform of June 1948[edit]

The Deutsche Mark was officially introduced on Sunday, June 20, 1948, by Ludwig Erhard. The old Reichsmark and Rentenmark were exchanged for the new currency at a rate of DM 1 = 10 ℛℳ for the essential currency such as wages, payment of rents etc., and DM 1 = 10 ℛℳ for the remainder in private non-bank credit balances, with half frozen.^{[clarification needed]} Large amounts were exchanged for 10 ℛℳ to 65pf. In addition, each person received a per capita allowance of DM 60 in two parts, the first being DM 40 and the second DM 20.^[9]

A few weeks later Erhard, acting against orders, issued an edict abolishing many economic controls which had been originally implemented by the Nazis, and which the Allies had not removed. He did this, as he often confessed, on Sunday because the offices of the American, British, and French occupation authorities were closed that day. He was sure that if he had done it when they were open, they would have countermanded the order.^[10]

The introduction of the new currency was intended to protect western Germany from a second wave of hyperinflation and to stop the rampant barter and black market trade (where cigarettes were used as currency). Although the new currency was initially only distributed in the three western occupation zones outside Berlin, the move angered the Soviet authorities, who regarded it as a threat. The Soviets promptly cut off all road, rail and canal links between the three western zones and West Berlin, starting the Berlin Blockade. In response, the U.S. and Britain launched an airlift of food and coal and distributed the new currency in West Berlin as well.

Economics of 1948 currency reform[edit]

Since the 1930s, prices and wages had been controlled, but money had been plentiful. That meant that people had accumulated large paper assets, and that official prices and wages did not reflect reality, as the black market dominated the economy and more than half of all transactions were taking place unofficially. The reform replaced the old money with the new Deutsche Mark at the rate of one new per ten old. This wiped out 90% of government and private debt, as well as private savings. Prices were decontrolled, and labor unions agreed to accept a 15% wage increase, despite the 25% rise in prices. The result was the prices of German export products held steady, while profits and earnings from exports soared and were poured back into the economy. The currency reforms were simultaneous with the $1.4 billion in Marshall Plan money coming in from the United States, which primarily was used for investment. In addition, the Marshall plan forced German companies, as well as those in all of Western Europe, to modernize their business practices, and take account of the wider market. Marshall plan funding overcame bottlenecks in the surging economy caused by remaining controls (which were removed in 1949), and opened up a greatly expanded market for German exports. Overnight, consumer goods appeared in the stores, because they could be sold for higher prices.^[11][12] While the availability of consumer goods is seen as a giant success story by most historians of the present, the perception at the time was a different one: prices were so high that average people could not afford to shop, especially since prices were free-ranging but wages still fixed by law. Therefore, in the summer of 1948 a giant wave of strikes and demonstrations swept over West Germany, leading to an incident in Stuttgart where strikers were met by US tanks («Stuttgarter Vorfälle»). Only after the wage-freeze was abandoned, Deutschmark and free-ranging prices were accepted by the population.^[13]

Currency reform in the Soviet occupation zone[edit]

In the Soviet occupation zone of Germany (later the German Democratic Republic), the East German mark (also named «Deutsche Mark» from 1948 to 1964 and colloquially referred to as the Ostmark—literally Eastmark) was introduced a few days afterwards in the form of Reichsmark and Rentenmark notes with adhesive stamps to stop the flooding in of Reichsmark and Rentenmark notes from the West. In July 1948, a completely new series of East German mark banknotes was issued.

Bank deutscher Länder and the Deutsche Bundesbank[edit]

Later in 1948, the Bank deutscher Länder («Bank of the German States») assumed responsibility, followed in 1957 by the Deutsche Bundesbank. The Deutsche Mark earned a reputation as a strong store of value at times when other national currencies succumbed to periods of inflation.^{[citation needed]} It became a source of national pride and an anchor for the country’s economic prosperity,^{[citation needed]} particularly during the years of the Wirtschaftswunder in the 1950s.

Currency union with the Saarland[edit]

The population in the Saar Protectorate rejected in a referendum the proposal to turn it into a «European territory». Despite French pre-referendum claims that a «no» vote would mean that the Saar would remain a French protectorate it in fact resulted in the incorporation of the Saar into the Federal Republic of Germany on January 1, 1957. The new German member state of the Saarland maintained its currency, the Saar franc, which was in a currency union at par with the French franc. On July 9, 1959, the Deutsche Mark replaced the Saar franc at a ratio of 100 francs = DM 0.8507.

German reunification[edit]

The Deutsche Mark played an important role in the reunification of Germany. It was introduced as the official currency of East Germany in July 1990, replacing the East German mark (Mark der DDR), in preparation for unification on 3 October 1990. East German marks were exchanged for Deutsche marks at a rate of 1:1 for the first M 4,000 and 2:1 for larger amounts. Before reunification, each citizen of East Germany coming to West Germany was given Begrüßungsgeld (welcome money), a per capita allowance of DM 100 in cash. The government of Germany and the Bundesbank were in major disagreement over the exchange rate between the East German mark and the German mark.

France and the United Kingdom were opposed to German reunification, and attempted to influence the Soviet Union to stop it.^[14] However, in late 1989 France extracted German commitment to the Monetary Union in return for support for German reunification.^[15]

Stability[edit]

The German mark had a reputation as one of the world’s most stable currencies; this was based on the monetary policy of the Bundesbank. The policy was «hard» in relation to the policies of certain other central banks in Europe. The «hard» and «soft» was in respect to the aims of inflation and political interference. This policy was the foundation of the European Central Bank’s present policy^{[clarification needed]} towards the euro. The German mark’s stability was greatly apparent in 1993, when speculation on the French franc and other European currencies caused a change in the European Exchange Rate Mechanism. However, it should be remembered that «hard» is relative only if it is compared to other currencies, as in its 53-year history, the purchasing power of the German mark was reduced by over 70%.

Coins[edit]

The first Deutsche Mark coins were issued by the Bank deutscher Länder in 1948 and 1949. From 1950, the inscription Bundesrepublik Deutschland (Federal Republic of Germany) appeared on the coins. These coins were issued in denominations of 1pf, 2pf, 5pf, 10pf, and 50pf. The 1pf and 2pf coins were struck in bronze clad steel (although during some years the 2pf was issued in solid bronze) while 5pf and 10pf were brass clad steel and the 50-pfennig was in cupronickel. In 1950, cupronickel DM1 coins were released, while a cupronickel DM2 and a .625 silver DM5 were released in 1951. Cupronickel replaced silver in the DM5 in 1975. The DM2 and DM5 coins have often been used for commemorative themes, though typically only the generic design for the DM5 is intended for circulation. Commemorative silver DM10 coins have also been issued which have periodically found their way into circulation. Unlike other European countries, Germany retained the use of the smallest coins (1pf and 2pf) until adoption of the euro.

Image	Denomination	Dates issued	Composition	Diameter	Reverse	Obverse[16]
	1pf	1948–2001	1948–1949: Bronze-plated steel 1950–2001: Copper-plated steel	16.5 mm	Denomination between rye stalks	Oak sprig
	2pf	1949–2001	1949–1968: Bronze 1968–2001: Bronze-plated steel	19.25 mm	Denomination between rye stalks	Oak sprig
	5pf	1949–2001	Brass-plated steel	18.5 mm	Denomination between rye stalks	Oak sprig
	10pf	1949–2001	Brass-plated steel	21.5 mm	Denomination between rye stalks	Oak sprig
	50pf	1949–2001	Cupro-nickel	20 mm	Denomination	Woman planting an oak seedling[17]
	DM 1	1950–2001	Cupro-nickel	23.5 mm	Denomination between oak leaves	German eagle
	DM 2	1951–1956	Cupro-nickel	25.5 mm	Denomination between rye stalks and grapes[18]	German eagle
	1957–1971	Cupro-nickel	26.75 mm	Max Planck	German eagle, denomination below
	1969–2001	Cupro-nickel (Cu 75% Ni 25%)	26.75 mm	1969–1987: Konrad Adenauer 1970–1987: Theodor Heuss 1979–1993: Kurt Schumacher 1988–2001: Ludwig Erhard 1990–2001: Franz Josef Strauss 1994–2001: Willy Brandt	German eagle, denomination below
	DM 5	1951–1974	.625 silver (Ag 62.5% Cu 37.5%)	29 mm	Denomination	German eagle
	1975–2001	Cupro-nickel (Cu 75% Ni 25%)	29 mm	Denomination	German eagle

The weights and dimensions of the coins can be found in an FAQ of the Bundesbank.^[19]

Unlike other countries (such as Australia) there was no attempt or proposal suggested for the withdrawal of the 1pf and 2pf coins. Both coins were still in circulation in 2001 and supermarkets in particular still marked prices to the nearest pfennig. This penchant for accuracy continues with the euro (while Finland or the Netherlands for example, price to the nearest 5 cents) with the 1-cent coin still encountered in Germany.

There were a considerable number of commemorative silver DM 5 and DM 10 coins, which actually had the status of legal tender but were rarely seen outside of collectors’ circles.

On 27 December 2000, the German government enacted a law authorizing the Bundesbank to issue, in 2001, a special .999 pure gold DM 1 coin commemorating the end of the German mark. The coin had the exact design and dimensions of the circulating cupro-nickel DM 1 coin, with the exception of the inscription on the reverse, which read «Deutsche Bundesbank» (instead of «Bundesrepublik Deutschland»), as the Bundesbank was the issuing authority in this case. A total of one million gold DM 1 coins were minted (200,000 at each of the five mints) and were sold beginning in mid-2001 through German coin dealers on behalf of the Bundesbank. The issue price varied by dealer but averaged approximately US$165.

German coins bear a mint mark, indicating where the coin was minted. D indicates Munich, F Stuttgart, G Karlsruhe and J Hamburg. Coins minted during the Second World War include the mint marks A (Berlin) and B (Vienna). The mint mark A was also used for German mark coins minted in Berlin beginning in 1990 following the reunification of Germany. These mint marks have been continued on the German euro coins.

Between July 1, 1990 (the currency union with East Germany) and July 1, 1991, East German coins in denominations up to 50 pfennigs continued to circulate as Deutsche Mark coins at their face value, owing to a temporary shortage of small coins. These coins were legal tender only in the territory of the former East Germany.

Colloquial expressions[edit]

In colloquial German the 10pf coin was sometimes called a groschen (cf. groat). Likewise, sechser (sixer) could refer to a coin of 5pf. Both colloquialisms refer to several pre-1871 currencies of the previously independent states (notably Prussia), where a groschen was subdivided into 12 pfennigs, hence half a groschen into 6. After 1871, 12 old pfennigs would be converted into 10pf of the mark, hence 10pf coins inherited the «Groschen» name and 5pf coins inherited the «sechser» name. Both usages are only regional and may not be understood in areas where a Groschen coin did not exist before 1871. In particular, the usage of «sechser» is less widespread. In northern Germany the DM 5 coin used to be also called a Heiermann, whereas in Bavaria the DM 2 coin was called «Zwickl» and this expression is now used for the €2 coin in the region.

Banknotes[edit]

There were four series of German mark banknotes:

• The first was issued in 1948 by the Allied military. There were denominations of DM1⁄2, DM 1, DM 2, DM 5, DM 10, DM 20, DM 50 and DM 100, with two designs of DM 20 and DM 50.
• The second series (BdL) was introduced in 1948 by the Bank deutscher Länder, an institution of the western occupation government. The designs were similar to the US Dollar and French franc, as the job of designing and printing the different denominations was shared between the Bank of France and the American Bank Note Company. There were denominations of 5pf and 10pf, DM 5, DM 10, DM 20, DM 50 and DM 100 marks. The last of the banknotes (DM 5 and DM 10) were phased out by July 31, 1966.
• The third series (I/Ia BBk) was introduced in 1960 by the Bundesbank, depicting neutral symbols, paintings by the German painters, and buildings. There were denominations of DM 5, DM 10, DM 20, DM 50, DM 100, DM 500 and DM 1,000. The series ceased to be legal tender on June 30, 1995.
• The fourth (BBk III/III a) was introduced in 1990 by the Bundesbank to counter advances in forgery technology. The notes depicted German artists and scientists together with symbols and tools of their trade. This series added a DM200 denomination, to decrease the use of DM 100 banknotes, which made up 54% of all circulating banknotes, and to fill the gap between the DM 100 and DM 500 denominations. In 1997–1998, new versions of DM 50, DM 100 and DM 200 were issued with improved security elements.

The notes with a value greater than DM 200 were rarely seen.

A reserve series (BBk II) was commissioned on July 1, 1960, consisting of DM 10, DM 20, DM 50 and DM 100 banknotes. 670 million BBk II banknotes in value of 25 billion marks were printed. The notes were printed between 1963 and 1974 in fear if the Eastern Bloc would start systematically counterfeiting the BBk I series of banknotes to cripple the economy, then they would quickly be replaced by emergency notes. Another reserve series for West Berlin (BBk IIa) was commissioned on July 1, 1963, consisting of DM 5, DM 10, DM 20, DM 50 and DM 100 banknotes. 115 million West Berlin banknotes were printed, total value 4 billion marks. 15 billion marks worth of the banknotes were held in Bundesbank’s custom-built underground bunker in Cochem in Rheinland-Pfalz, the rest was stored in Bundesbank’s vault in Frankfurt.

Banknotes of the third series (BBk I/Ia)[edit]

In 1957, with Bank deutscher Länder and the states’ central banks merging to form the Bundesbank, new banknotes were being designed, as «Bank deutscher Länder» on the previous series was no longer correct. The previous series’ notes had been made out of less durable paper and had a rather short life. While previously damaged notes could be replaced from reserve stocks, this stock was also coming to an end, necessitating a reprint.

Typical security features at the time were guilloches, a multi-level head watermark and a security thread. Note numbers that fluoresced under UV light and green, yellow, and blue. 27 fluorescent fibers embedded in the paper appeared on most banknotes; however, some specimens without these features were in circulation. Starting in 1976, banknotes were equipped with machine-readable feature — a colorless inorganic oxide mixture applied to the security thread. Banknotes featuring that were designated BBk Ia within the Bundesbank. All banknotes of the third series bore the penalty for counterfeiting and forgery on the upper right corner of the reverse, from German penal code section 146: «Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus/Freiheitsstrafe nicht unter zwei Jahren bestraft.» («Who falsifies or counterfeits banknotes, or procures falsified or counterfeit banknotes and releases them into circulation, is liable to imprisonment for at least two years».

The third series banknotes entered circulation on February 10, 1961, with the DM 20 note. DM 100 and DM 50 followed next year, and DM 5 and DM 10 in 1963. High-denomination DM 1000 and DM 500 followed in 1964 and 1965, respectively.

The banknotes were printed exclusively in West Germany — in Bundesdruckerei in West Berlin and in Giesecke+Devrient in Munich.

The third series banknotes ceased to be legal tender on June 30, 1995, when the fourth series notes had been in circulation for 3–5 years.

There were a total of five issues of the third series, main differences being the dates, and signatures of the Presidents and Vice Presidents of Bundesbank:^[20][21]

Issue	Date	President	Vice President	Notable other changes
1	January 2, 1960	Karl Blessing	Heinrich Troeger
2	January 2, 1970	Karl Klasen	Otmar Emminger	«Zuchthaus» has been replaced with «Freiheitsstrafe» following 1969 Great Penal Code Reform
3	June 1, 1977	Otmar Emminger	Karl Otto Pöhl	Machine-readable «M» feature, now designated BBk Ia
4	January 2, 1980	Karl Otto Pöhl	Helmut Schlesinger
5	January 2, 1980	Karl Otto Pöhl	Helmut Schlesinger	«Deutsche Bundesbank» copyright notice with year of the denomination’s first issue added on the bottom of the reverse

1960 series^[22]

Image	Dimensions	Paper color	Main color	Description	Date of
Obverse	Reverse	Obverse	Reverse	Issue	Withdrawal
		120×60 mm	Green	Green	Portrait of a Venetian Woman by Albrecht Dürer (1505)	A branch with oak leaves and acorns symbolizes German nature	6/5/1963	30/6/1995
		130×65 mm	Blue	Blue	Beardless Young Man by Lucas Cranach the Elder (1500)	Training ship Gorch Fock symbolizes German cosmopolitanism	21/10/1963	30/6/1995
		140×70 mm	Green	Green	Portrait of Elsbeth Tucher, née Pusch by Albrecht Dürer (1499)	A violin and a clarinet symbolizes the world of German music	10/2/1961	30/6/1995
		150×75 mm	Yellow	Brown	Portrait of Hans Urmiller from Portrait of Hans Urmiller and his Son by Barthel Beham (1525)	Holstentor in Lübeck symbolizes German civic pride	18/6/1962	30/6/1995
		160×80 mm	Blue	Blue	Cosmograph Sebastian Münster by Christoph Amberger (1552)	An eagle with stretched-out wings (Federal Eagle) symbolizes German state awareness	26/2/1962	30/6/1995
		170×85 mm	Yellow	Red	Portrait of a beardless man by Hans Maler zu Schwaz (1521)	Burg Eltz in Rhineland-Palatinate symbolizes German chivalry	26/4/1965	30/6/1995
		180×90 mm	Yellow	Brown	Portrait of Dr. Johannes Scheyring by Lucas Cranach the Elder (1529)	Limburg Cathedral symbolizes Romanesque architecture in Germany	27/7/1964	30/6/1995
For table standards, see the banknote specification table.

Banknotes of the fourth series[edit]

The design of German banknotes remained unchanged during the 1960s, 1970s and 1980s. During this period, forgery technology made significant advances and so, in the late 1980s, the Bundesbank decided to issue a new series of Deutsche Mark banknotes. The colours for each denomination remained unchanged from the previous series but the designs underwent significant changes and a DM 200 denomination was introduced. Famous national artists and scientists were chosen to be portrayed on the new banknotes. Male and female artists were chosen in equal numbers. The buildings in the background of the notes’ obverses had a close relationship to the person displayed (e.g., place of birth, place of death, place of work), as well as the second background picture (Lyra and the musician Schumann). The reverses of the notes refer to the work of the person on the obverse.

The new security features were: a windowed security thread (with the notes’ denominations in microprinting), watermarks, microprinting, intaglio printing (viewing-angle dependent visibility as well as a Braille representation of the notes denomination), colour-shifting ink (on the DM 500 and DM 1000 denominations), a see-through registration device and ultraviolet-visible security features.

First to be issued were the DM 100 and DM 200 denominations on 1 October 1990 (although the banknote shows «Frankfurt am Main, 2. Januar 1989»). The next denomination was DM 10 on 16 April 1991, followed by DM 50 on 30 September 1991.^[23] Next was the DM 20 note on 20 March 1992 (printed on 2 August 1991). The reason for this gradual introduction was, that public should become familiar with one single denomination, before introducing a new one. The change was finished with the introduction of the DM 5, DM 500, and DM 1000 denominations on 27 October 1992. The last two denominations were rarely seen in circulation and all were introduced in one step. With the advance of forgery technology, the Bundesbank decided to introduce additional security features on the most important denominations (DM 50, DM 100 and DM 200) as of 1996. These were a hologram foil in the center of the note’s obverse, a matted printing on the note’s right obverse, showing its denomination (like on the reverse of the new euro banknotes), and the EURion constellation on the note’s reverse. Furthermore, the colours were changed slightly to hamper counterfeiting.

1989 series [1] Archived 14 July 2014 at the Wayback Machine

Image	Dimensions	Value in Euros (€)	Main color	Description	Date of
Obverse	Reverse	Obverse	Reverse	First Printing	Issue	Withdrawal
		122×62 mm	€2.56	Green	Bettina von Arnim, historical buildings of Berlin	Brandenburg Gate	1/8/1991	27/10/1992	31/12/2001
		130×65 mm	€5.11	Purple	Carl Friedrich Gauss, historical buildings of Göttingen	Sextant	2/1/1989	16/4/1991	31/12/2001
		138×68 mm	€10.23	Aqua	Annette von Droste-Hülshoff, historical buildings of Meersburg	A quill pen and a beech-tree	1/8/1991	20/3/1992	31/12/2001
		146×71 mm	€25.56	Olive Green	Balthasar Neumann, historical buildings of Würzburg	Partial view of the Würzburg Residence	2/1/1989	30/9/1991	31/12/2001
		154×74 mm	€51.13	Blue	Clara Schumann, historical buildings of Leipzig	Grand Piano	2/1/1989	1/10/1990	31/12/2001
		162×77 mm	€102.26	Orange	Paul Ehrlich, historical buildings of Frankfurt am Main	Microscope	2/1/1989	1/10/1990	31/12/2001
		170×80 mm	€255.65	Red	Maria Sibylla Merian, historical buildings of Nuremberg	Dandelion, Inchworm, Butterfly	1/8/1991	27/10/1992	31/12/2001
		178×83 mm	€511.29	Brown	Wilhelm and Jacob Grimm, historical buildings of Kassel	The ‘German Dictionary’, Alte Bibliothek in Berlin	1/8/1991	27/10/1992	31/12/2001
Hologram variant
		As previous	2/1/1996	2/2/1998	31/12/2001
		2/1/1996	1/8/1997	31/12/2001
		2/1/1996	1/8/1997	31/12/2001
For table standards, see the banknote specification table.

Spelling and pronunciation[edit]

The German name of the currency is Deutsche Mark (fem., German pronunciation: [ˈdɔʏtʃə ˈmaʁk]); its plural form in standard German is the same as the singular. In German, the adjective «deutsche» (adjective for «German» in feminine singular nominative form) is capitalized because it is part of a proper name, while the noun «Mark», like all German nouns, is always capitalized. The English loanword «Deutschmark» has a slightly different spelling and one syllable fewer (possibly due to the frequency of silent e in English, or due to English’s lack of adjectival endings), and a plural form in -s.

In Germany and other German speaking countries, the currency’s name was often abbreviated as D-Mark (fem., [ˈdeːmaʁk]) or simply Mark (fem.) with the latter term also often used in English. Like Deutsche Mark, D-Mark and Mark do not take the plural in German when used with numbers (like all names of units), the singular being used to refer to any amount of money (e.g. eine (one) Mark and dreißig (thirty) Mark). Sometimes, a very colloquial plural form of Mark, Märker [ˈmɛʁkɐ] was used either as hypocoristic form or to refer to a small number of D-Mark coins or bills, e.g. Gib mir mal ein paar Märker («Just give me a few marks») and Die lieben Märker wieder («The lovely money again», with an ironic undertone).

The subdivision unit is spelled Pfennig (masc.; [ˈpfɛnɪç]), which unlike Mark does have a commonly used plural form: Pfennige ([ˈpfɛnɪɡə]), but the singular could also be used instead with no difference in meaning. (e.g.: ein (one) Pfennig, dreißig (thirty) Pfennige or dreißig (thirty) Pfennig). The official form is singular.

Reserve currency[edit]

Before the switch to the euro, the Deutsche Mark was the largest international reserve currency after the United States dollar.

The percental composition of currencies of official foreign exchange reserves from 1995 to 2021.^[24][25][26]

See also[edit]

• Economy of Germany
• German euro coins
• German Papiermark and Notgeld
• German Reichsmark
• List of commemorative coins of the Federal Republic of Germany

Annotations[edit]

References[edit]

External links[edit]

• Coins of the Third Reich
• Overview of German Mark from BBC online
• Historical US Dollars to German Marks currency conversion, 1913–2005
• Historical banknotes of Germany including East German banknotes

Preceded by: Reichsmark, Rentenmark, AM-Mark Reason: intended to protect West Germany from the second wave of hyperinflation and stop the rampant barter and black market trade Ratio: 1 DM = 1 RM (either) below 600 RM 1 DM = 10 RM above 600 RM and each person received 40 DM	Currency of West Germany (incl. West Berlin) 21 (24 W-Berlin) June 1948 – 30 June 1990 Note: except of the state of the Saarland (1957–1959)	Currency of Germany 1 July 1990 – 31 December 2001 Note: euro existed as money of account since 1 January 1999, with DM coins and banknotes being the German appearance of the euro	Succeeded by: Euro Reason: deployment of euro cash Ratio: 1 euro = 1.95583 Deutsche Mark
Preceded by: French franc and Saar Franc Reason: currency union (9 July 1959), after the Saarland had joined West Germany (1 January 1957) Ratio: 100 Francs = 0.8507 Deutsche Mark
Preceded by: Mark of the GDR Reason: currency union (1 July 1990) preparing the German reunification (3 October 1990) Ratio: at par up to 4000 GDR marks 2 GDR marks = 1 DM above 4000 GDR marks
Preceded by: Yugoslav new dinar Reason: political and economic reasons	Currency of Kosovo, Montenegro 1999 – 31 December 2001

This article is about the mark issued by the Federal Republic of Germany. For the mark issued by the German Democratic Republic, see East German mark. For the currency of the German Empire from 1873 to 1914, see German mark (1871).

Deutsche Mark

Deutsche Mark (German) D-Mark
Deutsche Mark banknotes from 1989
ISO 4217
Code	DEM
Unit
Unit	Mark
Plural	Mark
Symbol	DM‎
Denominations
Subunit
1⁄100	Pfennig
Plural
Pfennig	Pfennig
Symbol
Pfennig	pf
Banknotes
Freq. used	DM5, DM10, DM20, DM50, DM100, DM200
Rarely used	DM500, DM1,000
Coins
Freq. used	1pf, 2pf, 5pf, 10pf, 50pf, DM1, DM2, DM5
Demographics
Official user(s)	None, previously: List Trizone (1948–1949)  West Germany (1949–1990) West Berlin (1949–1990)  East Germany (July–October 1990)  Germany (1990–2002)
Unofficial user(s)	Kosovo (under UNMIK)[a] (1999–2002)[1] Bosnia and Herzegovina (1992–1998) Montenegro (1999–2002, in parallel with the Yugoslav dinar until 2000) Eastern Slavonia (under UNTAES) (1996–1998) (in parallel with the Croatian Kuna and Yugoslav dinar)[2]
Issuance
Central bank	Deutsche Bundesbank
Website	www.bundesbank.de
Printer	Bundesdruckerei Giesecke & Devrient
Website	Bundesdruckerei Giesecke & Devrient
Mint	List Bayerisches Hauptmünzamt, Munich (Mint mark: D) Hamburgische Münze (J) Staatliche Münze Berlin (A) Staatliche Münzen Baden-Württemberg, formed by Staatliche Münze Karlsruhe (G) and Staatliche Münze Stuttgart (F)
Website	List Munich mint Hamburg mint Berlin mint Karlsruhe-Stuttgart mints
Valuation
Inflation	1.4%, December 2001
Pegged by	Bosnia and Herzegovina convertible mark, Bulgarian lev at par
EU Exchange Rate Mechanism (ERM)
Since	13 March 1979
Fixed rate since	31 December 1998
Replaced by euro, non cash	1 January 1999
Replaced by euro, cash	1 March 2002
1 € =	DM 1.95583
This infobox shows the latest status before this currency was rendered obsolete.

The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaʁk] (listen); English: German mark), abbreviated «DM» or «D-Mark» ([ˈdeːˌmaʁk] (listen)), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the «Deutschmark» (). One Deutsche Mark was divided into 100 pfennigs.

It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany’s official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1.^[3] In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contrast to the other eurozone states, where the euro and legacy currency circulated side by side for up to two months. Mark coins and banknotes continued to be accepted as valid forms of payment in Germany until 28 February 2002.

The Deutsche Bundesbank has guaranteed that all German marks in cash form may be changed into euros indefinitely, and one may do so in person at any branch of the Bundesbank in Germany. Banknotes and coins can even be sent to the Bundesbank by mail.^[4] In 2012, it was estimated that as many as 13.2 billion marks were in circulation, with one poll from 2011 showing a narrow majority of Germans favouring the currency’s restoration (although only a minority believed this would bring any economic benefit).^[5][6] Newer polls indicate that only a minority of Germans is supportive of a reintroduction of the Deutsche Mark.^[7]

History[edit]

Before 1871[edit]

A mark had been the currency of Germany since its original unification in 1871. Before that time, the different German states issued a variety of different currencies, the most common being the North German thaler and the South German gulden. By 1857 though both currencies have been linked to the Vereinsthaler, a silver coin containing 16+2⁄3 grams of pure silver. Although the German gold mark was based on gold rather than silver (at 2.79 marks per gram of fine gold), a fixed exchange rate between the Vereinsthaler and the mark of 3 marks = 1 Vereinsthaler was used for the conversion.

1873–1948[edit]

The first mark, known as the Goldmark, was introduced in 1873. With the outbreak of World War I, the mark was taken off the gold standard. The currency thus became known as the Papiermark, especially as high inflation, then hyperinflation occurred and the currency became exclusively made up of paper money. The Papiermark was replaced by the Rentenmark (RM) from November 15, 1923, and the Reichsmark (ℛℳ) in 1924.

Early military occupation following WWII[edit]

During the first two years of occupation the occupying powers of France, United Kingdom, United States, and the Soviet Union were not able to successfully negotiate a possible currency reform in Germany. Due to the strains between the Allies each zone was governed independently as regards monetary matters. The US occupation policy was governed by the directive JCS 1067 (in effect until July 1947), which forbade the US military governor «to take any steps to strengthen German financial structure».^[8] As a consequence a separate monetary reform in the U.S. zone was not possible.^[8] Each of the Allies printed its own occupation currency.

Currency reform of June 1948[edit]

The Deutsche Mark was officially introduced on Sunday, June 20, 1948, by Ludwig Erhard. The old Reichsmark and Rentenmark were exchanged for the new currency at a rate of DM 1 = 10 ℛℳ for the essential currency such as wages, payment of rents etc., and DM 1 = 10 ℛℳ for the remainder in private non-bank credit balances, with half frozen.^{[clarification needed]} Large amounts were exchanged for 10 ℛℳ to 65pf. In addition, each person received a per capita allowance of DM 60 in two parts, the first being DM 40 and the second DM 20.^[9]

A few weeks later Erhard, acting against orders, issued an edict abolishing many economic controls which had been originally implemented by the Nazis, and which the Allies had not removed. He did this, as he often confessed, on Sunday because the offices of the American, British, and French occupation authorities were closed that day. He was sure that if he had done it when they were open, they would have countermanded the order.^[10]

The introduction of the new currency was intended to protect western Germany from a second wave of hyperinflation and to stop the rampant barter and black market trade (where cigarettes were used as currency). Although the new currency was initially only distributed in the three western occupation zones outside Berlin, the move angered the Soviet authorities, who regarded it as a threat. The Soviets promptly cut off all road, rail and canal links between the three western zones and West Berlin, starting the Berlin Blockade. In response, the U.S. and Britain launched an airlift of food and coal and distributed the new currency in West Berlin as well.

Economics of 1948 currency reform[edit]

Since the 1930s, prices and wages had been controlled, but money had been plentiful. That meant that people had accumulated large paper assets, and that official prices and wages did not reflect reality, as the black market dominated the economy and more than half of all transactions were taking place unofficially. The reform replaced the old money with the new Deutsche Mark at the rate of one new per ten old. This wiped out 90% of government and private debt, as well as private savings. Prices were decontrolled, and labor unions agreed to accept a 15% wage increase, despite the 25% rise in prices. The result was the prices of German export products held steady, while profits and earnings from exports soared and were poured back into the economy. The currency reforms were simultaneous with the $1.4 billion in Marshall Plan money coming in from the United States, which primarily was used for investment. In addition, the Marshall plan forced German companies, as well as those in all of Western Europe, to modernize their business practices, and take account of the wider market. Marshall plan funding overcame bottlenecks in the surging economy caused by remaining controls (which were removed in 1949), and opened up a greatly expanded market for German exports. Overnight, consumer goods appeared in the stores, because they could be sold for higher prices.^[11][12] While the availability of consumer goods is seen as a giant success story by most historians of the present, the perception at the time was a different one: prices were so high that average people could not afford to shop, especially since prices were free-ranging but wages still fixed by law. Therefore, in the summer of 1948 a giant wave of strikes and demonstrations swept over West Germany, leading to an incident in Stuttgart where strikers were met by US tanks («Stuttgarter Vorfälle»). Only after the wage-freeze was abandoned, Deutschmark and free-ranging prices were accepted by the population.^[13]

Currency reform in the Soviet occupation zone[edit]

In the Soviet occupation zone of Germany (later the German Democratic Republic), the East German mark (also named «Deutsche Mark» from 1948 to 1964 and colloquially referred to as the Ostmark—literally Eastmark) was introduced a few days afterwards in the form of Reichsmark and Rentenmark notes with adhesive stamps to stop the flooding in of Reichsmark and Rentenmark notes from the West. In July 1948, a completely new series of East German mark banknotes was issued.

Bank deutscher Länder and the Deutsche Bundesbank[edit]

Later in 1948, the Bank deutscher Länder («Bank of the German States») assumed responsibility, followed in 1957 by the Deutsche Bundesbank. The Deutsche Mark earned a reputation as a strong store of value at times when other national currencies succumbed to periods of inflation.^{[citation needed]} It became a source of national pride and an anchor for the country’s economic prosperity,^{[citation needed]} particularly during the years of the Wirtschaftswunder in the 1950s.

Currency union with the Saarland[edit]

The population in the Saar Protectorate rejected in a referendum the proposal to turn it into a «European territory». Despite French pre-referendum claims that a «no» vote would mean that the Saar would remain a French protectorate it in fact resulted in the incorporation of the Saar into the Federal Republic of Germany on January 1, 1957. The new German member state of the Saarland maintained its currency, the Saar franc, which was in a currency union at par with the French franc. On July 9, 1959, the Deutsche Mark replaced the Saar franc at a ratio of 100 francs = DM 0.8507.

German reunification[edit]

The Deutsche Mark played an important role in the reunification of Germany. It was introduced as the official currency of East Germany in July 1990, replacing the East German mark (Mark der DDR), in preparation for unification on 3 October 1990. East German marks were exchanged for Deutsche marks at a rate of 1:1 for the first M 4,000 and 2:1 for larger amounts. Before reunification, each citizen of East Germany coming to West Germany was given Begrüßungsgeld (welcome money), a per capita allowance of DM 100 in cash. The government of Germany and the Bundesbank were in major disagreement over the exchange rate between the East German mark and the German mark.

France and the United Kingdom were opposed to German reunification, and attempted to influence the Soviet Union to stop it.^[14] However, in late 1989 France extracted German commitment to the Monetary Union in return for support for German reunification.^[15]

Stability[edit]

The German mark had a reputation as one of the world’s most stable currencies; this was based on the monetary policy of the Bundesbank. The policy was «hard» in relation to the policies of certain other central banks in Europe. The «hard» and «soft» was in respect to the aims of inflation and political interference. This policy was the foundation of the European Central Bank’s present policy^{[clarification needed]} towards the euro. The German mark’s stability was greatly apparent in 1993, when speculation on the French franc and other European currencies caused a change in the European Exchange Rate Mechanism. However, it should be remembered that «hard» is relative only if it is compared to other currencies, as in its 53-year history, the purchasing power of the German mark was reduced by over 70%.

Coins[edit]

The first Deutsche Mark coins were issued by the Bank deutscher Länder in 1948 and 1949. From 1950, the inscription Bundesrepublik Deutschland (Federal Republic of Germany) appeared on the coins. These coins were issued in denominations of 1pf, 2pf, 5pf, 10pf, and 50pf. The 1pf and 2pf coins were struck in bronze clad steel (although during some years the 2pf was issued in solid bronze) while 5pf and 10pf were brass clad steel and the 50-pfennig was in cupronickel. In 1950, cupronickel DM1 coins were released, while a cupronickel DM2 and a .625 silver DM5 were released in 1951. Cupronickel replaced silver in the DM5 in 1975. The DM2 and DM5 coins have often been used for commemorative themes, though typically only the generic design for the DM5 is intended for circulation. Commemorative silver DM10 coins have also been issued which have periodically found their way into circulation. Unlike other European countries, Germany retained the use of the smallest coins (1pf and 2pf) until adoption of the euro.

Image	Denomination	Dates issued	Composition	Diameter	Reverse	Obverse[16]
	1pf	1948–2001	1948–1949: Bronze-plated steel 1950–2001: Copper-plated steel	16.5 mm	Denomination between rye stalks	Oak sprig
	2pf	1949–2001	1949–1968: Bronze 1968–2001: Bronze-plated steel	19.25 mm	Denomination between rye stalks	Oak sprig
	5pf	1949–2001	Brass-plated steel	18.5 mm	Denomination between rye stalks	Oak sprig
	10pf	1949–2001	Brass-plated steel	21.5 mm	Denomination between rye stalks	Oak sprig
	50pf	1949–2001	Cupro-nickel	20 mm	Denomination	Woman planting an oak seedling[17]
	DM 1	1950–2001	Cupro-nickel	23.5 mm	Denomination between oak leaves	German eagle
	DM 2	1951–1956	Cupro-nickel	25.5 mm	Denomination between rye stalks and grapes[18]	German eagle
	1957–1971	Cupro-nickel	26.75 mm	Max Planck	German eagle, denomination below
	1969–2001	Cupro-nickel (Cu 75% Ni 25%)	26.75 mm	1969–1987: Konrad Adenauer 1970–1987: Theodor Heuss 1979–1993: Kurt Schumacher 1988–2001: Ludwig Erhard 1990–2001: Franz Josef Strauss 1994–2001: Willy Brandt	German eagle, denomination below
	DM 5	1951–1974	.625 silver (Ag 62.5% Cu 37.5%)	29 mm	Denomination	German eagle
	1975–2001	Cupro-nickel (Cu 75% Ni 25%)	29 mm	Denomination	German eagle

The weights and dimensions of the coins can be found in an FAQ of the Bundesbank.^[19]

Unlike other countries (such as Australia) there was no attempt or proposal suggested for the withdrawal of the 1pf and 2pf coins. Both coins were still in circulation in 2001 and supermarkets in particular still marked prices to the nearest pfennig. This penchant for accuracy continues with the euro (while Finland or the Netherlands for example, price to the nearest 5 cents) with the 1-cent coin still encountered in Germany.

There were a considerable number of commemorative silver DM 5 and DM 10 coins, which actually had the status of legal tender but were rarely seen outside of collectors’ circles.

On 27 December 2000, the German government enacted a law authorizing the Bundesbank to issue, in 2001, a special .999 pure gold DM 1 coin commemorating the end of the German mark. The coin had the exact design and dimensions of the circulating cupro-nickel DM 1 coin, with the exception of the inscription on the reverse, which read «Deutsche Bundesbank» (instead of «Bundesrepublik Deutschland»), as the Bundesbank was the issuing authority in this case. A total of one million gold DM 1 coins were minted (200,000 at each of the five mints) and were sold beginning in mid-2001 through German coin dealers on behalf of the Bundesbank. The issue price varied by dealer but averaged approximately US$165.

German coins bear a mint mark, indicating where the coin was minted. D indicates Munich, F Stuttgart, G Karlsruhe and J Hamburg. Coins minted during the Second World War include the mint marks A (Berlin) and B (Vienna). The mint mark A was also used for German mark coins minted in Berlin beginning in 1990 following the reunification of Germany. These mint marks have been continued on the German euro coins.

Between July 1, 1990 (the currency union with East Germany) and July 1, 1991, East German coins in denominations up to 50 pfennigs continued to circulate as Deutsche Mark coins at their face value, owing to a temporary shortage of small coins. These coins were legal tender only in the territory of the former East Germany.

Colloquial expressions[edit]

In colloquial German the 10pf coin was sometimes called a groschen (cf. groat). Likewise, sechser (sixer) could refer to a coin of 5pf. Both colloquialisms refer to several pre-1871 currencies of the previously independent states (notably Prussia), where a groschen was subdivided into 12 pfennigs, hence half a groschen into 6. After 1871, 12 old pfennigs would be converted into 10pf of the mark, hence 10pf coins inherited the «Groschen» name and 5pf coins inherited the «sechser» name. Both usages are only regional and may not be understood in areas where a Groschen coin did not exist before 1871. In particular, the usage of «sechser» is less widespread. In northern Germany the DM 5 coin used to be also called a Heiermann, whereas in Bavaria the DM 2 coin was called «Zwickl» and this expression is now used for the €2 coin in the region.

Banknotes[edit]

There were four series of German mark banknotes:

• The first was issued in 1948 by the Allied military. There were denominations of DM1⁄2, DM 1, DM 2, DM 5, DM 10, DM 20, DM 50 and DM 100, with two designs of DM 20 and DM 50.
• The second series (BdL) was introduced in 1948 by the Bank deutscher Länder, an institution of the western occupation government. The designs were similar to the US Dollar and French franc, as the job of designing and printing the different denominations was shared between the Bank of France and the American Bank Note Company. There were denominations of 5pf and 10pf, DM 5, DM 10, DM 20, DM 50 and DM 100 marks. The last of the banknotes (DM 5 and DM 10) were phased out by July 31, 1966.
• The third series (I/Ia BBk) was introduced in 1960 by the Bundesbank, depicting neutral symbols, paintings by the German painters, and buildings. There were denominations of DM 5, DM 10, DM 20, DM 50, DM 100, DM 500 and DM 1,000. The series ceased to be legal tender on June 30, 1995.
• The fourth (BBk III/III a) was introduced in 1990 by the Bundesbank to counter advances in forgery technology. The notes depicted German artists and scientists together with symbols and tools of their trade. This series added a DM200 denomination, to decrease the use of DM 100 banknotes, which made up 54% of all circulating banknotes, and to fill the gap between the DM 100 and DM 500 denominations. In 1997–1998, new versions of DM 50, DM 100 and DM 200 were issued with improved security elements.

The notes with a value greater than DM 200 were rarely seen.

A reserve series (BBk II) was commissioned on July 1, 1960, consisting of DM 10, DM 20, DM 50 and DM 100 banknotes. 670 million BBk II banknotes in value of 25 billion marks were printed. The notes were printed between 1963 and 1974 in fear if the Eastern Bloc would start systematically counterfeiting the BBk I series of banknotes to cripple the economy, then they would quickly be replaced by emergency notes. Another reserve series for West Berlin (BBk IIa) was commissioned on July 1, 1963, consisting of DM 5, DM 10, DM 20, DM 50 and DM 100 banknotes. 115 million West Berlin banknotes were printed, total value 4 billion marks. 15 billion marks worth of the banknotes were held in Bundesbank’s custom-built underground bunker in Cochem in Rheinland-Pfalz, the rest was stored in Bundesbank’s vault in Frankfurt.

Banknotes of the third series (BBk I/Ia)[edit]

In 1957, with Bank deutscher Länder and the states’ central banks merging to form the Bundesbank, new banknotes were being designed, as «Bank deutscher Länder» on the previous series was no longer correct. The previous series’ notes had been made out of less durable paper and had a rather short life. While previously damaged notes could be replaced from reserve stocks, this stock was also coming to an end, necessitating a reprint.

Typical security features at the time were guilloches, a multi-level head watermark and a security thread. Note numbers that fluoresced under UV light and green, yellow, and blue. 27 fluorescent fibers embedded in the paper appeared on most banknotes; however, some specimens without these features were in circulation. Starting in 1976, banknotes were equipped with machine-readable feature — a colorless inorganic oxide mixture applied to the security thread. Banknotes featuring that were designated BBk Ia within the Bundesbank. All banknotes of the third series bore the penalty for counterfeiting and forgery on the upper right corner of the reverse, from German penal code section 146: «Wer Banknoten nachmacht oder verfälscht, oder nachgemachte oder verfälschte sich verschafft und in Verkehr bringt, wird mit Zuchthaus/Freiheitsstrafe nicht unter zwei Jahren bestraft.» («Who falsifies or counterfeits banknotes, or procures falsified or counterfeit banknotes and releases them into circulation, is liable to imprisonment for at least two years».

The third series banknotes entered circulation on February 10, 1961, with the DM 20 note. DM 100 and DM 50 followed next year, and DM 5 and DM 10 in 1963. High-denomination DM 1000 and DM 500 followed in 1964 and 1965, respectively.

The banknotes were printed exclusively in West Germany — in Bundesdruckerei in West Berlin and in Giesecke+Devrient in Munich.

The third series banknotes ceased to be legal tender on June 30, 1995, when the fourth series notes had been in circulation for 3–5 years.

There were a total of five issues of the third series, main differences being the dates, and signatures of the Presidents and Vice Presidents of Bundesbank:^[20][21]

Issue	Date	President	Vice President	Notable other changes
1	January 2, 1960	Karl Blessing	Heinrich Troeger
2	January 2, 1970	Karl Klasen	Otmar Emminger	«Zuchthaus» has been replaced with «Freiheitsstrafe» following 1969 Great Penal Code Reform
3	June 1, 1977	Otmar Emminger	Karl Otto Pöhl	Machine-readable «M» feature, now designated BBk Ia
4	January 2, 1980	Karl Otto Pöhl	Helmut Schlesinger
5	January 2, 1980	Karl Otto Pöhl	Helmut Schlesinger	«Deutsche Bundesbank» copyright notice with year of the denomination’s first issue added on the bottom of the reverse

1960 series^[22]

Image	Dimensions	Paper color	Main color	Description	Date of
Obverse	Reverse	Obverse	Reverse	Issue	Withdrawal
		120×60 mm	Green	Green	Portrait of a Venetian Woman by Albrecht Dürer (1505)	A branch with oak leaves and acorns symbolizes German nature	6/5/1963	30/6/1995
		130×65 mm	Blue	Blue	Beardless Young Man by Lucas Cranach the Elder (1500)	Training ship Gorch Fock symbolizes German cosmopolitanism	21/10/1963	30/6/1995
		140×70 mm	Green	Green	Portrait of Elsbeth Tucher, née Pusch by Albrecht Dürer (1499)	A violin and a clarinet symbolizes the world of German music	10/2/1961	30/6/1995
		150×75 mm	Yellow	Brown	Portrait of Hans Urmiller from Portrait of Hans Urmiller and his Son by Barthel Beham (1525)	Holstentor in Lübeck symbolizes German civic pride	18/6/1962	30/6/1995
		160×80 mm	Blue	Blue	Cosmograph Sebastian Münster by Christoph Amberger (1552)	An eagle with stretched-out wings (Federal Eagle) symbolizes German state awareness	26/2/1962	30/6/1995
		170×85 mm	Yellow	Red	Portrait of a beardless man by Hans Maler zu Schwaz (1521)	Burg Eltz in Rhineland-Palatinate symbolizes German chivalry	26/4/1965	30/6/1995
		180×90 mm	Yellow	Brown	Portrait of Dr. Johannes Scheyring by Lucas Cranach the Elder (1529)	Limburg Cathedral symbolizes Romanesque architecture in Germany	27/7/1964	30/6/1995
For table standards, see the banknote specification table.

Banknotes of the fourth series[edit]

The design of German banknotes remained unchanged during the 1960s, 1970s and 1980s. During this period, forgery technology made significant advances and so, in the late 1980s, the Bundesbank decided to issue a new series of Deutsche Mark banknotes. The colours for each denomination remained unchanged from the previous series but the designs underwent significant changes and a DM 200 denomination was introduced. Famous national artists and scientists were chosen to be portrayed on the new banknotes. Male and female artists were chosen in equal numbers. The buildings in the background of the notes’ obverses had a close relationship to the person displayed (e.g., place of birth, place of death, place of work), as well as the second background picture (Lyra and the musician Schumann). The reverses of the notes refer to the work of the person on the obverse.

The new security features were: a windowed security thread (with the notes’ denominations in microprinting), watermarks, microprinting, intaglio printing (viewing-angle dependent visibility as well as a Braille representation of the notes denomination), colour-shifting ink (on the DM 500 and DM 1000 denominations), a see-through registration device and ultraviolet-visible security features.

First to be issued were the DM 100 and DM 200 denominations on 1 October 1990 (although the banknote shows «Frankfurt am Main, 2. Januar 1989»). The next denomination was DM 10 on 16 April 1991, followed by DM 50 on 30 September 1991.^[23] Next was the DM 20 note on 20 March 1992 (printed on 2 August 1991). The reason for this gradual introduction was, that public should become familiar with one single denomination, before introducing a new one. The change was finished with the introduction of the DM 5, DM 500, and DM 1000 denominations on 27 October 1992. The last two denominations were rarely seen in circulation and all were introduced in one step. With the advance of forgery technology, the Bundesbank decided to introduce additional security features on the most important denominations (DM 50, DM 100 and DM 200) as of 1996. These were a hologram foil in the center of the note’s obverse, a matted printing on the note’s right obverse, showing its denomination (like on the reverse of the new euro banknotes), and the EURion constellation on the note’s reverse. Furthermore, the colours were changed slightly to hamper counterfeiting.

1989 series [1] Archived 14 July 2014 at the Wayback Machine

Image	Dimensions	Value in Euros (€)	Main color	Description	Date of
Obverse	Reverse	Obverse	Reverse	First Printing	Issue	Withdrawal
		122×62 mm	€2.56	Green	Bettina von Arnim, historical buildings of Berlin	Brandenburg Gate	1/8/1991	27/10/1992	31/12/2001
		130×65 mm	€5.11	Purple	Carl Friedrich Gauss, historical buildings of Göttingen	Sextant	2/1/1989	16/4/1991	31/12/2001
		138×68 mm	€10.23	Aqua	Annette von Droste-Hülshoff, historical buildings of Meersburg	A quill pen and a beech-tree	1/8/1991	20/3/1992	31/12/2001
		146×71 mm	€25.56	Olive Green	Balthasar Neumann, historical buildings of Würzburg	Partial view of the Würzburg Residence	2/1/1989	30/9/1991	31/12/2001
		154×74 mm	€51.13	Blue	Clara Schumann, historical buildings of Leipzig	Grand Piano	2/1/1989	1/10/1990	31/12/2001
		162×77 mm	€102.26	Orange	Paul Ehrlich, historical buildings of Frankfurt am Main	Microscope	2/1/1989	1/10/1990	31/12/2001
		170×80 mm	€255.65	Red	Maria Sibylla Merian, historical buildings of Nuremberg	Dandelion, Inchworm, Butterfly	1/8/1991	27/10/1992	31/12/2001
		178×83 mm	€511.29	Brown	Wilhelm and Jacob Grimm, historical buildings of Kassel	The ‘German Dictionary’, Alte Bibliothek in Berlin	1/8/1991	27/10/1992	31/12/2001
Hologram variant
		As previous	2/1/1996	2/2/1998	31/12/2001
		2/1/1996	1/8/1997	31/12/2001
		2/1/1996	1/8/1997	31/12/2001
For table standards, see the banknote specification table.

Spelling and pronunciation[edit]

The German name of the currency is Deutsche Mark (fem., German pronunciation: [ˈdɔʏtʃə ˈmaʁk]); its plural form in standard German is the same as the singular. In German, the adjective «deutsche» (adjective for «German» in feminine singular nominative form) is capitalized because it is part of a proper name, while the noun «Mark», like all German nouns, is always capitalized. The English loanword «Deutschmark» has a slightly different spelling and one syllable fewer (possibly due to the frequency of silent e in English, or due to English’s lack of adjectival endings), and a plural form in -s.

In Germany and other German speaking countries, the currency’s name was often abbreviated as D-Mark (fem., [ˈdeːmaʁk]) or simply Mark (fem.) with the latter term also often used in English. Like Deutsche Mark, D-Mark and Mark do not take the plural in German when used with numbers (like all names of units), the singular being used to refer to any amount of money (e.g. eine (one) Mark and dreißig (thirty) Mark). Sometimes, a very colloquial plural form of Mark, Märker [ˈmɛʁkɐ] was used either as hypocoristic form or to refer to a small number of D-Mark coins or bills, e.g. Gib mir mal ein paar Märker («Just give me a few marks») and Die lieben Märker wieder («The lovely money again», with an ironic undertone).

The subdivision unit is spelled Pfennig (masc.; [ˈpfɛnɪç]), which unlike Mark does have a commonly used plural form: Pfennige ([ˈpfɛnɪɡə]), but the singular could also be used instead with no difference in meaning. (e.g.: ein (one) Pfennig, dreißig (thirty) Pfennige or dreißig (thirty) Pfennig). The official form is singular.

Reserve currency[edit]

Before the switch to the euro, the Deutsche Mark was the largest international reserve currency after the United States dollar.

The percental composition of currencies of official foreign exchange reserves from 1995 to 2021.^[24][25][26]

See also[edit]

• Economy of Germany
• German euro coins
• German Papiermark and Notgeld
• German Reichsmark
• List of commemorative coins of the Federal Republic of Germany

Annotations[edit]

References[edit]

External links[edit]

• Coins of the Third Reich
• Overview of German Mark from BBC online
• Historical US Dollars to German Marks currency conversion, 1913–2005
• Historical banknotes of Germany including East German banknotes

Preceded by: Reichsmark, Rentenmark, AM-Mark Reason: intended to protect West Germany from the second wave of hyperinflation and stop the rampant barter and black market trade Ratio: 1 DM = 1 RM (either) below 600 RM 1 DM = 10 RM above 600 RM and each person received 40 DM	Currency of West Germany (incl. West Berlin) 21 (24 W-Berlin) June 1948 – 30 June 1990 Note: except of the state of the Saarland (1957–1959)	Currency of Germany 1 July 1990 – 31 December 2001 Note: euro existed as money of account since 1 January 1999, with DM coins and banknotes being the German appearance of the euro	Succeeded by: Euro Reason: deployment of euro cash Ratio: 1 euro = 1.95583 Deutsche Mark
Preceded by: French franc and Saar Franc Reason: currency union (9 July 1959), after the Saarland had joined West Germany (1 January 1957) Ratio: 100 Francs = 0.8507 Deutsche Mark
Preceded by: Mark of the GDR Reason: currency union (1 July 1990) preparing the German reunification (3 October 1990) Ratio: at par up to 4000 GDR marks 2 GDR marks = 1 DM above 4000 GDR marks
Preceded by: Yugoslav new dinar Reason: political and economic reasons	Currency of Kosovo, Montenegro 1999 – 31 December 2001

Русский[править]

В Викиданных есть лексема дойчмарка (L106902).

Морфологические и синтаксические свойства[править]

падеж	ед. ч.	мн. ч.
Им.	дойчма́рка	дойчма́рки
Р.	дойчма́рки	дойчма́рок
Д.	дойчма́рке	дойчма́ркам
В.	дойчма́рку	дойчма́рки
Тв.	дойчма́ркой дойчма́ркою	дойчма́рками
Пр.	дойчма́рке	дойчма́рках

дойч—ма́р—ка

Существительное, неодушевлённое, женский род, 1-е склонение (тип склонения 3*a по классификации А. А. Зализняка).

Корень: —.

Произношение[править]

• МФА: [doɪ̯t͡ɕˈmarkə]

Семантические свойства[править]

Значение[править]

1. то же, что дойчемарка ◆ Отсутствует пример употребления (см. рекомендации).

Синонимы[править]

Антонимы[править]

Гиперонимы[править]

Гипонимы[править]

Родственные слова[править]

Ближайшее родство

Этимология[править]

Происходит от ??

Фразеологизмы и устойчивые сочетания[править]

Перевод[править]

Список переводов
Шведскийsv: D-mark (sv) общ.

Библиография[править]

Для улучшения этой статьи желательно: Добавить описание морфемного состава с помощью {{морфо-ru}} Добавить пример словоупотребления для значения с помощью {{пример}} Добавить синонимы в секцию «Семантические свойства» Добавить гиперонимы в секцию «Семантические свойства» Добавить сведения об этимологии в секцию «Этимология»

Что Такое дойчмарка- Значение Слова дойчмарка