Dutch Guilder

The Netherlands Guilder, also called the Florin, was the currency of the Netherlands from the early 14th century until 2002, when it was replaced by the Euro. It was divided into 20 stuivers, each of 12 deniers. The Netherlands Guilder was also the currency of the Dutch East Indies until 1949, when it was replaced by the Indonesian Rupiah. In the early 14th century, the first Guilders were minted in the County of Holland. The exact date of the first Guilder is unknown, but it is thought to have been around 1380. By the end of the 14th century, the Guilder had become the standard currency in the Netherlands. In 1428, the city of Utrecht began minting its own Guilders, and by the end of the 15th century, most of the other Dutch cities had followed suit. In 1609, the Dutch East India Company was founded, and the Guilder became the currency of the Dutch colonies in Asia and the Americas. The Guilder continued to be used in the Dutch East Indies until 1949, when it was replaced by the Indonesian Rupiah. The Guilder was also the official currency of the Netherlands Antilles from 1828 until 2011, when the country was dissolved and the currency was replaced by the US Dollar. In the 20th century, the value of the Guilder began to decline due to inflation. In order to combat this, the Dutch government introduced a new Guilder in 1948, which was worth 100 old Guilders. This new Guilder was also referred to as the Florin. In 2002, the Netherlands Guilder was replaced by the Euro, and it is no longer used as a currency. However, the name “Guilder” is still used in some Dutch slang to refer to money.