David Pickup writes:

Germans are still holding on to billions of Deutschmarks, nearly eight years after the currency was phased out, Germany's central bank says.The Bundesbank has given an overall figure of 13.6bn Deutschmarks - worth about 7bn euros (£6.3bn).

The Bundesbank has set no deadline for exchanging Deutschmarks for euros and no fee is levied when Germans do so.Nearly DM160m was exchanged for euros in 2009, said Bundesbank spokeswoman Adelheid Sailer-Schuster.

The Deutschmark ceased to be legal tender on 1 March 2002. But there were many complaints at the time that traders were using the switch from Deutschmarks to disguise price mark-ups.

To read the complete article, see:Germans hang on to billions of Deutschmarks(news.bbc.co.uk/2/hi/europe/8441503.stm)

David adds:

Joe Boling writes:

To read the earlier E-Sylum article, see:QUERY: WHICH COUNTRIES HAVEN'T DEMONETIZED THEIR OLD MONEY?(www.coinbooks.org/esylum_v16n34a15.html)