Yes, it will be withdrawn from circulation and will no longer be legal tender after a certain date, but will remain exchangeable at the central banks indefinitely. Canada and the US are unique in that we don't have a legal tender end date for our old banknotes.
January 1, 1999 with the year after the conversion to the euro German mark has ceased to be an independent currency was in circulation only as subordinate to nedesâtično him. Coins and banknotes remained legal tender until 12:00 January 1, 2002 . Since then,
German marks and pfennigi are converted to euros and cents without restrictions in time and without additional cost to the Bundesbank's offices, 1 euro = 1.95583 marks.