when was the new currency introduced in germany
Deutsche Mark The Deutsche Mark (German: [ˈdɔʏtʃə ˈmaɐ̯k] ( listen), "German mark"), abbreviated "DM" or  "D-Mark" (help·info), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until 2002. It was first issued under Allied occupation in 1948 to replace the Reichsmark, and served as the Federal Republic of Germany's official currency from its founding the following year until the adoption of the euro. In English, but not in German, it is commonly called the "Deutschmark" (/ˈdɔɪtʃmɑːrk/).
French franc In January 1960 the French franc was revalued, with 100 existing francs making one nouveau franc.[10] The abbreviation "NF" was used on the 1958 design banknotes until 1963. Old one- and two-franc pieces continued to circulate as centimes (no new centimes were minted for the first two years). The one-centime coin never circulated widely. Inflation continued to erode the franc's value: between 1950 and 1960, the price level increased 72 per cent (5.7% per year on average); between 1960 and 1970, it increased 51 per cent (4.2%).[11] Only one further major devaluation occurred (11% in August 1969) before the Bretton Woods system was replaced by free-floating exchange rates. When the euro replaced the franc on 1 January 1999, the franc was worth less than an eighth of its original 1960 purchasing power.[citation needed]