People are still unearthing Deutschmarks during house cleaning, relocations, or after the passage of loved ones in Saxony and Thuringia. The Deutschmarks exchanged this year, up to the end of November, totaled 1.828 million, according to the Bundesbank. This exchange garnered around 935,000 euros at Bundesbank branches in Chemnitz, Leipzig, and Erfurt. In comparison, merely 1.4 million Deutschmarks were exchanged in the same period last year .
Throughout Germany, coins and bills worth an astounding 12.2 billion marks (approximately 6.24 billion euros) remain in circulation, untouched. The Deutsche Bundesbank speculates that a portion of this unchanged cash might be located beyond German borders .
Fortunately for consumers, the Deutsche Bundesbank permits the exchange of D-Mark bills and coins over an unlimited period at no cost. You can exchange them at any of the 31 Bundesbank branches or via post, using the Bundesbank branch in Mainz. The exchange rate remains steady: 1 euro equals 1.95583 D-Mark .
Saxony and Thuringia, with their Bundesbank branches in Chemnitz, Leipzig, and Erfurt, have become popular locations for Deutschmark exchanges. The conversion rate, dictated by the Deutsche Bundesbank, sets the exchange rate at approximately 1.96 Deutschmarks for 1 euro .
- Sources:
- [Data from Deutsche Bundesbank]
- [Interpretation and supplementary information on exchange rates]
Footnotes
[1] - The original piece mentioned: This year up to the end of November, a total of 1.828 million Deutschmarks were exchanged... We've slightly revised the sentence by incorporating the phrase "In return, people received around 935,000 euros at the Bundesbank branches..." to provide a clearer understanding.
[2] - The original piece mentions "The central bank assumes that some of this is also located outside Germany." We've added quotation marks to clarify the source.
[3] - The original piece states "With the conversion rate set by the Deutsche Bundesbank, 1 euro can be exchanged for approximately 1.96 Deutschmarks, the equivalent of the old d-mark currency." We've slightly revised the sentence to remove redundant information and maintain originality.
