Currency: euro (EUR); deutsche mark (DEM) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code: EUR; DEM
Exchange rates: euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); deutsche marks per US dollar - 1.69 (January 1999), 1.7597 (1998), 1.7341 (1997)
Fiscal year: calendar year
Communications Germany
Telephones - main lines in use: 50.9 million (March 2001)
Telephones - mobile cellular: 55.3 million (June 2001)
Telephone system: general assessment: Germany has one of the world's most technologically advanced telecommunications systems; as a result of intensive capital expenditures since reunification, the formerly backward system of the eastern part of the country, dating back to World War II, has been modernized and integrated with that of the western part domestic: exchanges connected by modern networks of fiber-optic cable, coaxial cable, microwave radio relay, and a domestic satellite system; cellular telephone service is widely available, expanding rapidly, and includes roaming service to many foreign countries international: Germany's international service is excellent worldwide, consisting of extensive land and undersea cable facilities as well as earth stations in the INMARSAT, INTELSAT, EUTELSAT, and INTERSPUTNIK satellite systems (2001)
Radio broadcast stations: AM 51, FM 787, shortwave 4 (1998)
Radios: 77.8 million (1997)