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The transition to the euro in Germany involved a three-year period, starting from 1 January 1999, during which the euro existed as "book money". Euro banknotes and coins were introduced on 1 January 2002. [11] This was the earliest date for any member state when the national currency ceased to be legal tender.
German euro coins have three separate designs for the three series of coins. The 1-cent, 2-cent and 5-cent coins were designed by Rolf Lederbogen [ de ] , the design for the 10-cent, 20-cent and 50-cent coins were designed by Reinhard Heinsdorff [ de ] and the 1- and 2-euro coins were done by Heinz Hoyer [ de ] and Sneschana Russewa-Hoyer .
The second issue notes of 1 ℛ︁ℳ︁, 5 ℛ︁ℳ︁, 10 ℛ︁ℳ︁, and 50 ℛ︁ℳ︁ were equal in value to the ordinary German Reichsmark and were printed on both sides. The 5 Mark note pictured, front and back, is Allied military currency ("AMC") printed at Forbes Lithograph Manufacturing Company in Boston for occupied Germany.
The convertible mark, the currency of Bosnia and Herzegovina, was fixed to 1 German mark when it was introduced on the basis of the Dayton agreement. Consequently, after introduction of the euro, the convertible mark has used the German-mark-to-euro rate at 1.95583 BAM per euro.
Euro Germany: 1999 ... South German states 1754 1873 North German thaler: North German states 1690 1873 Hamburg mark
1,200th anniversary of Charlemagne and the Aachen Cathedral. 10 DM, silver, 2000. 250th death anniversary of Johann Sebastian Bach. 10 DM, silver, 2000. 10th anniversary of German reunification. 10 DM, silver, 2000. 200th birthday of Albert Lortzing. 10 DM, silver, 2001. 50th anniversary of the Federal Constitutional Court. 10 DM, silver, 2001.
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 ...
Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...