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The guilder (Dutch: gulden, pronounced [ˈɣʏldə(n)] ⓘ) or florin was the currency of the Netherlands from 1434 until 2002, when it was replaced by the euro.. The Dutch name gulden was a Middle Dutch adjective meaning 'golden', [1] and reflects the fact that, when first introduced in 1434, its value was about equal to (i.e., it was on par with) the Italian gold florin.
Florence gulden (1341). Guilder is the English translation of the Dutch and German gulden, originally shortened from Middle High German guldin pfenninc ("gold penny"). This was the term that became current in the southern and western parts of the Holy Roman Empire for the Fiorino d'oro (introduced in 1252 in the Republic of Florence).
While the Dutch guilder was a reserve currency of somewhat lesser scope, used between Europe and the territories of the Dutch colonial empire from the 17th to 18th centuries, it was also a silver standard currency fed with the output of Spanish-American mines flowing through the Spanish Netherlands.
The florin sign (ƒ) is a symbol that is used for the currencies named florin, [1] also called guilder. The Dutch name for the currency is gulden. The symbol "ƒ" is the lowercase version of Ƒ of the Latin alphabet. In many serif typefaces, it can often be substituted with a normal italic small-letter f ( f).
The Dutch guilder was reintroduced in 1828, and some 1 guilder coins were cut into quarters and stamped with a "C" in 1838 to produce 1 ⁄ 4-guilder coins. In 1900 and 1901, silver 1 ⁄ 10 and 1 ⁄ 4-guilder coins were introduced, which circulated alongside Dutch coins. Following the German occupation of the Netherlands and the separation of ...
On Dec. 10, 1624, a Dutch water authority sold a bond for 1,200 Carolus guilders to a woman in Amsterdam, promising to pay 2.5% interest in perpetuity.
As a founding member of the euro, the Netherlands replaced (for accounting purposes) its former currency, the "gulden" , on 1 January 1999. Actual euro coins and banknotes followed on 1 January 2002. One euro was equivalent to 2.20371 Dutch guilders. In the Caribbean Netherlands, the United States dollar is used instead. [179]
Unification of the Dutch monetary system in the beginning of the 18th century introduced guilder and set rijksdaalders and silver ducats at 2 + 1 ⁄ 2 guilders. Following decimalization (in 1816), 2 + 1 ⁄ 2 -guilder coins were no longer produced because a 3-guilder coin was thought to better fit in the series of denominations.