4 months ago
#DeutscheMarks
"As everything seems to be getting more expensive through inflation, many Germans have a secret stash of cash at home. They're holding on to their long-expired currency instead of exchanging it. What are they waiting for?
Germans will start 2024 with a few extra billion stuffed between sofa cushions. No, not euros, but old deutsche marks.
People in Germany are famous for their attachment to cash, but more than two decades after the introduction of the euro, millions of deutsche mark (DM) coins and colorful bills are in sock drawers or have been lost down sewer drains.
While some of this old money lies with nostalgic Germans or collectors, another chunk can be chalked up as souvenirs taken home by tourists over the years. Experts say countries that once used it as a reserve currency may still hold some. No one really knows for sure. Though these marks can no longer be used, they can be traded for euros..."
"As everything seems to be getting more expensive through inflation, many Germans have a secret stash of cash at home. They're holding on to their long-expired currency instead of exchanging it. What are they waiting for?
Germans will start 2024 with a few extra billion stuffed between sofa cushions. No, not euros, but old deutsche marks.
People in Germany are famous for their attachment to cash, but more than two decades after the introduction of the euro, millions of deutsche mark (DM) coins and colorful bills are in sock drawers or have been lost down sewer drains.
While some of this old money lies with nostalgic Germans or collectors, another chunk can be chalked up as souvenirs taken home by tourists over the years. Experts say countries that once used it as a reserve currency may still hold some. No one really knows for sure. Though these marks can no longer be used, they can be traded for euros..."
Why are Germans hoarding billions of useless deutsche marks? – DW – 01/08/2024
As everything seems to be getting more expensive through inflation, many Germans have a secret stash of cash at home. They're holding on to their long-expired currency instead of exchanging it. What are they waiting for?
https://www.dw.com/en/free-money-why-are-billions-of-german-marks-still-floating-around/a-67875558
