Currency in Germany
Germany is the largest country in theWestern Europe. The country is rather popular among foreign tourists. Perhaps many a question: What is the currency in Germany? Germany - a member of the European Union and the national currency of the country is the euro. This currency was put into circulation in early 2002. Of course, it makes sense to talk about currency prior to the euro, namely, the German mark.
German brand started to use after the SecondWorld War II, more precisely in 1948. Currency addressed before 2002, ie before the official introduction of the euro. The German mark was issued in the form of coins and banknotes. Coins 1, 2, 5, 10 and 50 pfenningov and 1, 2 and 5 DM (DM). Banknotes accessed denomination of 5, 10, 20, 50, 100, 200, 500 and 1000 DM.
Throughout its history, the German markconsidered one of the strongest and most stable currencies. Changeover to the euro was launched in 1999, but until 2002 the German mark remained legal tender. Since early 2002, the exchange rate was 1 euro = 1,95 DM.
It is interesting that in 2005, according to Deutsche Bank was not traded 45% of coins in circulation, which is 7.24 billion DM. And 3% of bills, which is 7.59 billion DM.
What currency to take to Germany
In many foreign countries are advised to take the euroor dollars, because for them the most favorable exchange rate. For Germany, the main currency - the euro, respectively, it is most advantageous to take with this particular currency. However, if for some reason you bring dollars - do not worry, foreign currency can easily be exchanged at exchange offices.
Import of currency in Germany is limited to 10 thousand euros, but for the export restrictions are not available.
Currency Exchange in Germany
As in many countries in the currency exchangeGermany can be in a variety of institutions - are airports, banks, exchange offices, post office, etc. The most favorable conditions, you can get in banks or exchange offices. The worst exchange conditions at airports. The majority of banks in Germany are working from 8 am to 5 pm.
In addition, the currency can be exchanged usingATMs, sometimes it is a much more profitable. However, it should be checked with the bank that issued the card, on the terms of the transaction card in foreign countries.
Money in Germany can be removed from ATMs, but other than cash, many places take credit cards for payment. Card you can pay for a variety of goods in the shops, services, hotels, etc.