07: 22Noch 12.9 billion Deutsche Mark in circulation – heute.de

07: 22Noch 12.9 billion Deutsche Mark in circulation – heute.de

Whether nostalgia, passion for collecting or pure forgetfulness: Several million DM bills and two dozen billion dollars coins are still in circulation – although the former German currency was replaced by the euro at the beginning of 2002.

For nearly 13 years, the D-Mark has served as legal tender – but the Germans still hoard coins and bills worth several billion euros. According to figures from the German Bundesbank end of November 2014. was around 169 million Deutsche Mark notes and a good 24 billion DM coins in circulation. The Bundesbank stresses, however: “The figures show that a large amount of D-Mark is already flowed back.”

160 D-marks per head

However, the after still not returned cash a quite respectable total value of 12.9 billion marks (of which 6.1 billion DM banknotes) or the equivalent of 6.6 billion euros. So that everyone hoards purely mathematically the nearly 81 million people in Germany old notes and coins in denominations of 160 D-Mark.Vor all of the coins, people do not want to separate: Based on the value of the D-Mark banknotes and coins for the euro cash changeover end of 2001, about four percent of the bills were in November 2013, although only outstanding – compared to 55 percent of the coins were still not umgetauscht.Nach a survey, most people do not want to sentimental reasons from the ancient coins and banknotes: 74 percent of respondents consider the disused cash accordingly as a souvenir in honor of 24 percent collect it as an investment. And 22 percent of Germans have simply forgotten to exchange the old currency

. Unexpected inheritance

QUOTE

“ Surely plays the collector motif or the simple forgetting or the loss of . landfilled D-Mark cash a big role “

The German Bundesbank can not definitely confirm.” We can only guess Certainly plays the collector motif or forget the simple or the loss of the deposited Deutsche Mark banknotes and coins of great importance. “Because we repeatedly DM banknotes on by accident, as the Federal Bank reported. So heirs could not believe their luck when they came in the coal cellar of the inherited property on the D-Mark cash. Also long time were well hidden the bills that appeared in a renewal of the bathroom when the bath was removed

. More small and large bills in circulation

For collectors passion or Nostalgia talks that are for notes in particular the small denominations in circulation: As many as 17 percent of the 10-mark notes and more than half of five (51 percent). And for coins of thumb: even those with a face value of 10 cent and below would probably not be exchanged due to their low value or be irretrievably lost. In addition, the Fed believed commemorative Sammlerhänden.Größere amounts of cash should estimate that the Bundesbank but be lost and abroad. Especially in the former Yugoslavia and its successor states and in other parts of Eastern Europe, the German currency was used in part as a second currency. In addition, the D-Mark had been used worldwide as a transaction and a store of value

. No limit on the exchange

The Federal Bank replaced the old money still and free and unlimited in euro – either at any of its branches or – in exceptional cases – post on the branch Mainz. Dispatch is, however, at the risk of Kunden.Von Januar until 2014 was 188,000 good time made use of the exchange offer – 818 times per business day. It notes and coins worth 101.9 million marks were drawn (52.1 million euros) from circulation – per business fell at the Bundesbank on average about 542 Deutsche Mark a.