What currency does Germany use?

Germany now uses the euro as its currency.

German currency was originally "Deutsche Mark" and was issued by Deutsche Bank. 1 mark is equal to 100 finney, and there are 5 10, 20, 50, 100, 200, 500 and 1000 mark in circulation.

On July 1 day, 2002, the German mark officially stopped circulating and the euro became the legal tender in Germany. Germany was one of the first countries to use the euro.

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The euro is the most significant achievement of European monetary reform since the Roman Empire. The euro not only makes the European single market more perfect, but also facilitates the free trade among the countries in the euro zone, which is an important part of the EU integration process.

Although Monaco, San Marino, Vatican and Andorra are not EU countries, they use French francs, Italian lira or Spanish pesetas as their currencies, and they also use euros, and they are authorized to mint a small number of their own euro coins. Some non-EU countries and regions, such as Montenegro and Kosovo, also use the euro as a payment tool.

The euro is managed by european system of central banks, which is composed of the European Central Bank and the central banks of the euro zone countries. The European Central Bank, headquartered in Frankfurt, Germany, has the power to independently formulate monetary policy. The central banks of euro zone countries participate in the printing, casting and distribution of euro banknotes and coins, and are responsible for the operation of the euro zone payment system.

Reference to the above content: Baidu Encyclopedia-Europe