The Deutsche Mark (abbreviated DM, commonly referred to as D-Mark) was the currency of the Federal Republic of Germany from 20 June 1948 to the end of 2001. It was introduced with the currency reform on 20 June 1948, in the three western occupation zones of Germany, where it replaced the Reichsmark. Through the reunification of Germany, it was also adopted as the official currency in eastern Germany on 1 July 1990. Within the framework of Economic and Monetary Union, the euro eventually replaced the Deutsche Mark as legal tender on 1 January 2002, after it had already been introduced as book money on 1 January 1999. The exchange rate was fixed at €1 = DM1.95583. The Deutsche Mark was one of the most stable currencies of its time, gaining the status of the second most important reserve currency in the world, after the US dollar. It was even employed as official currency in other countries.
Banknotes and coins denominated in Deutsche Mark can be exchanged at the Bundesbank’s branches indefinitely and free of charge.