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In most countries in transition, it has already replaced its much sought-after predecessor, the Deutschmark.
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But three years after the Deutschmark was abolished, the currency is to make a surprise comeback in the run-up to Christmas.
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The Swiss National Bank is trying to stop the Swiss franc being turned into the new Deutschmark as savers flee the euro zone.
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The Snake, the EMS, the ERM, on the one hand - and the British Pound, the Deutschmark, and the ECU, on the other.
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With a technical adjustment, the pound also fell slightly against the deutschmark.
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There are heaps of yellowed euros and deutschmarks dumped here, like snowdrifts.
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The franc was over valued compared to the deutschmark and the US dollar.
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According to market sources, around £100 million was sold yesterday mostly against the deutschmark.
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It also fell against the deutschmark, easing its position in the Exchange Rate Mechanism.
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Meanwhile on the currency markets the deutschmark has lost ground.
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THE pound has hit fresh highs against the deutschmark promoting further Central Bank intervention.
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THE pound fell further against sterling while making small gains on the deutschmark yesterday.
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Even the price list is shown in deutschmarks, with the euro equivalent hand written on.
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But the markets may be wrong: the euro could be as hard as the deutschmark.
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Overall, it is intended to cut some 30 billion deutschmarks from the annual federal budget.
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The deal calls for Allianz to make a 9 billion deutschmark offer to AGF shareholders.
