Mainz / Frankfurt (dpa / lhe) - The Bundesbank in Hesse has so far exchanged a good 3.5 million D-Marks for euros this year.
This means that the holdings of the old currency submitted to the central bank's Hesse headquarters in Frankfurt and the Bundesbank's headquarters were significantly lower than a year earlier, as the monetary authorities announced.
In the comparable period of 2019, bills and coins with a face value of a good 5.2 million D-Marks were exchanged in Hessen from January through November.
The euro replaced the national currency on January 1, 2002.
Again and again, however, consumers discover old D-Mark stocks by chance: hidden in drawers, in the basement, in books or even buried in the garden.
Unlike the central banks in many other euro countries, the Bundesbank will exchange old notes and coins for an unlimited period.
The exchange rate set at the time remains unchanged: You get one euro for 1.95583 Deutschmarks.
Billions in D-Mark holdings are still in circulation: at the end of November 2020, according to the Bundesbank, notes and coins with a total value of 12.4 billion marks (6.34 billion euros) had not yet been exchanged.
The monetary authorities expect that part of it will never be returned - among other things because collectors have secured old notes and coins.
Bundesbank on the D-Mark in circulation