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Foreign exchange

Foreign exchange, precious metal

The Deutsche Bundesbank does not conduct transactions (purchase, vending, etc.) in foreign currencies (banknotes and coins) and precious metals with the general public (including credit institutions).

Valid foreign banknotes can still be exchanged at commercial banks and foreign exchange offices, invalid banknotes may be exchanged at the respective central banks within the therefor determined periods.

The euro legacy banknotes can still be exchanged in most cases into euro. The relevant authorities for exchange are the issuing central banks, except a short period of time directly after the introduction of euro cash. Partly a (in some cases limited) exchange of legacy coins is offered. A compilation of links to the national central bank web sites is available in the right column. Additional information about possible time limits for the exchange is available in the table below.

Exchange periods applying within the euro area

The table below gives an overview of the exchange periods for euro legacy currencies (banknotes and coins) in the individual euro-area countries.

Exchange at national central banks
CountryValidity*BanknotesCoins

Austria

2002-02-28

indefinite

indefinite

Belgium

2002-02-28

indefinite

2004-12-31

Estonia

2011-01-15

indefinite

indefinite

Germany

2001-12-31

indefinite

indefinite

Ireland

2002-02-09

indefinite

indefinite

Latvia

2014-01-14

indefinite

indefinite

Lithuania

2015-01-15

indefinite

indefinite

Luxembourg

2002-02-28

indefinite

2004-12-31

Netherlands1

2002-01-28

2032-01-01

2007-01-01

Portugal

2002-02-28

2022-02-28

2002-12-31

Slovakia

2009-01-16

indefinite

2014-01-02

Slovenia

2007-01-14

indefinite

2016-12-31

Spain

2002-02-28

2020-12-31

2020-12-31

*Last day on which national banknotes and coins are legal tender.

1De Nederlandsche Bank will not exchange guilders in every case. Guilders obtained from commercial activities after 27 January 2002 will no longer be exchanged. For more information, please see the website of the Bank of Netherlands.

The exact conditions for the exchange can be found on the websites of the respective banks. The exchange periods for the euro legacy currencies have expired for the following countries:

  • Cyprus
  • Italy
  • Finland
  • France
  • Greece
  • Malta
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