Telekom opens up payphones for Deutschmarks

2nd June 2005, Comments 0 comments

2 June 2005, BONN - In a trip down memory lane, Deutschmarks, which gave way to the euro more than three years ago, are being accepted again by German coin-operated phones.

2 June 2005

BONN - In a trip down memory lane, Deutschmarks, which gave way to the euro more than three years ago, are being accepted again by German coin-operated phones.

Germany's main phone company, Deutsche Telekom, said it had not only altered its 50,000 streetside phones to accept five denominations of the old coins till the end of August, but would value them at par with euros, meaning calls at almost half price.

The official exchange rate for one euro when it was introduced was DEM 1.95. Germans were lukewarm about the new currency.

Telekom said many Germans thought it was too much trouble nowadays to take stocks of old coins to central bank branches, but they might use 10-pfennig, 50-pfennig, 1-mark, 2-mark and 5-mark coins to chat.

DPA

Subject: German news

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