I have Italian Lira's and German Deutsch marks from Early 1990's can I still exchange them somewhere?

Question

or where I can exchange them if I can

Answer 1

Yes, they can be exchanged at the national banks of the respective countries.

For Italian Lira the Banca d'Italia will change until 29th February 2012

http://www.bancaditalia.it/bancomonete/c...

for German Deutsch marks the offices of the "Deutsche Bundesbank" called "Landeszentralbanken" will change without any time limit

http://www.bundesbank.de/hv/hv_filiallis...  

Answer 2

I would call their embassies and find out. Most likely not.