Germany has the best education policy with high standards of education, attracting students from across the globe, which later translated into efficient human resources.

If you have opted for Germany, you will need a bank account. Banking rules are quite strict in Germany, and if you are a non-resident, it might get really difficult, unless you have a corresponding bank account.

Which currency is used in Germany?
Germany uses the euro (EUR, €) as its only currency, along with 23 other countries that use this common European money. One euro is comprised of 100 cents.

Facts about the Euro (German Currency)
The euro is represented by the symbol €.
€1 is further divided into 100 cents.
The Euro was introduced as cash currency in Germany on 1st January 2002
Euro banknotes are issued in €500, €200, €100, €50, €20, €10, €5 notes.
Denominations of Euro coins are €2, €1, 50c, 20c, 10c, 5c, 2c, and 1c.
Since early 2019 the 500 Euro note is not issued anymore. Of course, the notes are still valid.
All Euro coins have a common side showing their value, while the national side shows an image chosen by each country.
The notes of different denominations are printed in different colors. €5 comes in grey, €10 is printed in red, €20 in blue, €50 in orange, €100 in green, €200 in yellow, and €500 comes in purple.

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German Currency, Banking, & International Money Transfers – Gui...

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German Brain is the best online information portals for expats (foreign Nationals) in Germany. It provides free and empirical guidelines for everything you need to know about, living and working in Germany as a foreigner, and provides reliable information about things, to help you navigate your life in Germany smoothly.