The Deutsche Mark (DM, DEM) was the official currency of West Germany from 1948 until re-unification in 1990 and the official currency of Germany from then until the introduction of the euro in 1999 (coins and notes were withdrawn from circulation in 2002, it is guaranteed by the Deutsche Bundesbank that all DM cash may be changed into Euro forever). One Euro was set to be equivalent to DEM 1.95583. 1 Mark = 100 Pfennig (pennies).