Posted on 07/18/2016 12:29:30 PM PDT by Olog-hai
Fourteen years after the introduction of the Euro in cash, Germans are still holding onto their Deutschmarks (DM), mainly for the sentimental value attached to them.
The DM, which was introduced in West Germany in 1948 under Allied rule and adopted in East Germany in 1990, was replaced by the Euro in 2002.
On the 31st of December 2001, DM banknotes to the value of €76.57 billion were in circulation.
Since then, “more than 95% of DM banknotes in circulation have been exchanged” for Euros, Dorit Feldbrügge from the Bundesbank (German Central Bank) told The Local.
But that means that around five percent of the old currency is still lying around somewhere in people’s homes or safes. …
(Excerpt) Read more at thelocal.de ...
I still have some in a drawer somewhere. Probably only about 50 DM or so. Those 5 mark coins actually used to be worth something.
Just like Confederate money!.............................
The Euro is just the Deutschmark with ballast tied to it.
It isn’t nostalgia, it’s foresight.
They expect the EU to dissolve completely any minute now that the UK is leaving and I read several other countries are considering it as well.
IIRC, German law states that Deutschmarks retain a value and can be exchanged for Euros at anytime.
I think that people keep them as a no risk hedge against the collapse of the Euro. (one of mankind’s stupider ideas)
I still have a 5 DM banknote and some change I collected during REFORGER ‘86. That same trip my platoon went to Berlin for training and we took an organized tour of East Berlin, where I picked up some Ostmark coins (which were aluminum) from the old DDR.
I was recently going thru some old boxes and found some notes from the 90’s.
I was recently going thru some old boxes and found some notes from the 90’s.
There have been sporadic calls for a return to the Deutsche mark over the years. In addition, Germany has been repatriating gold held by foreign banks, including in the US.
Given that 2008 article by Ambrose Evans-Pritchard that illustrates the intent of EU elites to cause a crisis with the euro in order to engineer a big power grab, it is not surprising that people want to be ready for that.
Save those Deutchmarks, Comrades, the Bundesrepublik is going to rise again!
I have some old silver certificate $1 bills.
And I also have quite a few old silver dimes and quarters.
Whenever they change the money, there will always be people who save some of the old money.
I have some German marks, Swiss Francs, Belgian Francs, Dutch Kroners, Portugese Escudos, Italian Lira. I could open up my own European Union (with closed borders).
Soon Germans will be forced to trade them in for Somali Shillings.
Those racist Germans had better get with the program and convert those XENOPHOBIC marks to Nigerian Naira’s.
Now you can say you come from old money.
> “Just like Confederate money!.............................”
The South shall rise again!
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