american paper currency |Old money

american paper currency |Old money



Until the beginning of 2002 our wallets were filled with guilder coins and guilder banknotes. The first month of 2002 could be paid with both guilders and euros. The change always consisted of euro coins instead of guilders. After January 28, 2002, guilders were no longer allowed to pay.

Redeem old money
Old Dutch banknotes can still be exchanged at De Nederlandsche Bank. The bills can be exchanged to euros until 2032. If you exchange old money, you will be charged at the official fixed rate: EUR 1 = NLG 2.20371. This means that an old banknote of a decade is worth about 4.50. De Nederlandsche Bank does not charge any costs for the exchange of old money.

Sell ​​old money
Do you still have old gold coins in the cupboard? This money is no longer interchangeable. You can sell old money to traders and collectors of old coins. This way your old money will still yield something. Silver guilder coins can be exchanged at the Royal Dutch Mint or coin traders.

Exchange old money abroad
Banknotes and coins from the 11 other euro countries (Germany, Italy, Greece, France, Luxembourg, Austria, Finland, Belgium, Ireland, Portugal and Spain) could, in our country, be exchanged free of charge with the banks until 1 April 2002 at the latest.

Today these old currencies are no longer exchangeable in the Netherlands, but often still in the country of origin. For example, if you have a lot of Spanish pesetas, French francs, German marks or Italian lire in their closet, you can switch them to euros at the central bank in the country of origin. Currency is no longer interchangeable in many countries. Exceptions are: Slovenia (until 13 December 2016), Italy (until 29 February 2012) and Finland (until 29 February 2012). Returning old money from abroad is still often possible, only so no longer in the Netherlands.

Grumble
In the first years after the introduction of the new currency many Dutch people still reckoned their purchases back to the guilder. It was thought that the new currency made everything much more expensive. Meanwhile, we are still complaining about the prices, only we do not count anymore.

Euro introduction
The euro was introduced on 1 January 1999. From then on it was possible to settle payments in euros with bank transfers or checks. The cash introduction took place on 1 January 2002. From that date onwards, euro coins and euro banknotes could be paid everywhere.

Reasons for introducing the euro
The euro was introduced at the time for a number of reasons. For example, the single currency had to put an end to the strongly fluctuating exchange rates and become a major currency on the world market. According to the European Union, the euro had to be comparable to the US dollar and the Japanese yen. In addition, the euro had to ensure that it was easier to compare prices. In addition, the European Union envisaged that the currency would contribute to a stable, sustainably growing economy in the participating EU countries.