Surinamese guilder

The guilder (Dutch: gulden; ISO 4217 code: SRG) was the currency of Suriname until 2004, when it was replaced by the Surinamese dollar. It was divided into 100 cents. Until the 1940s, the plural in Dutch was cents, with centen appearing on some early paper money, but after the 1940s the Dutch plural became cent.

Surinamese guilder
Surinaamse gulden (in Dutch)
Surinam 100 Awers SUR001
100 guilder of 19851 guilder or 100 cents
ISO 4217
CodeSRG
Denominations
Subunit
 ​1100cent
Pluralguilders
centcents
Symbolƒ or fl
Banknotes5, 10, 25, 100, 500, 1,000, 5,000, 10,000, 25,000 guilder
Coins1, 5, 10, 25, 100, 250 cents
Demographics
User(s) Suriname
Issuance
Central bankCentrale Bank van Suriname
 Websitewww.cbvs.sr
Valuation
Inflation23%
 SourceThe World Factbook (archived), 2003 est.
This infobox shows the latest status before this currency was rendered obsolete.

History

The Surinamese guilder was initially at par with the Dutch guilder. In 1940, following the occupation of the Netherlands, the currency (along with the Netherlands Antillean guilder) was pegged to the U.S. dollar at a rate of 1.88585 guilders = 1 dollar.

The Surinamese guilder suffered from high inflation in the beginning of the 1990s. It was replaced by the Surinamese dollar on 1 January 2004 at a rate of 1 dollar = 1,000 guilders. To save cost of manufacturing, coins of less than 5 guilders (all denominated in cents) were made legal for their face value in the new currency. Thus, these coins increased their purchasing power by a thousandfold overnight.

Coins

SUR002
Coin of 25 cents from 1976

Until 1942, Dutch coins circulated in Suriname. Starting that year, coins were minted in the United States for use in Netherlands Guiana, some of which also circulated in the Netherlands Antilles. These coins were in denominations of 1, 5, 10 and 25 cents.

In 1962, coins were introduced bearing the name Suriname for the first time. These were in denominations of 1, 5, 10 and 25 cents and 1 guilder. The 1 cent was bronze, the 5-cent nickel-brass, the 10 and 25 cents were cupro-nickel and the 1 guilder was silver. Aluminium 1- and 5-cent coins were introduced in 1974 and 1976. In 1987, copper-plated steel replaced aluminium in the 1- and 5-cent coins and cupro-nickel 100- and 250-cent coins were introduced.

Banknotes

25.000 Fiorini surinamesi
Banknote of 25,000 guilders

In 1826, the Algemene Nederlandsche Maatschappij (General Netherlands Company) issued ​12- and 3-guilder notes. These were followed in 1829 by notes of the West Indies Bank in denominations of ​12, 1, 2, 3, 5, 10 and 50 guilders. The Bank introduced 10, 15 and 25 centen and 25 guilder notes in 1837, followed by 100, 200 and 300 guilder notes in 1865.

The Surinaamsche Bank introduced 50 guilder notes in 1901, followed by 10 guilders in 1915, 200 guilders in 1925, 50 guilders in 1926, 100 guilders in 1927, 5 guilders in 1935, ​2 12 guilders in 1940, 25 guilders in 1941, 1000 guilders in 1943 and 300 guilders in 1948. The government issued silver certificates (zilverbonnen) between 1918 and 1920 for ​12, 1 and ​2 12 guilders. Further issues for 50 cents and 1 guilder were introduced in 1940. The 50-cent coin was issued until 1942, with ​2 12 guilders being introduced in 1950. The silver certificates were superseded in 1960 by muntbiljet for 1 and ​2 12 guilders, which were issued until 1985.

In 1957, the Central Bank of Suriname took over paper money production, issuing notes for 5, 10, 25, 100 and 1,000 guilders. Five-hundred-guilder notes were introduced in 1982, followed by 250 guilders in 1988. Two-thousand-guilder notes were introduced in 1995, followed by 5,000 and 10,000 guilders in 1997 and 25,000 guilders in 2000.

The last series of banknotes was introduced in 2000 in denominations of 5, 10, 25, 100, 500, 1,000, 5,000, 10,000 and 25,000 guilders. This colorful issue has native birds on the fronts and native flowers on the backs.[1]

See also

References

  1. ^ Linzmayer, Owen (2012). "Suriname". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

External links

Surinamese guilder
Preceded by:
Dutch guilder
Ratio: at par
Currency of Suriname
– 31 December 2003
Succeeded by:
Surinamese dollar
Reason: inflation
Ratio: 1 dollar = 1,000 guilders
Bavarian gulden

The Gulden (also called Florin) was the currency of Bavaria until 1873. Between 1754 and 1837 it was a unit of account, worth ​5⁄12 of a Conventionsthaler, used to denominate banknotes but not issued as a coin. The Gulden was worth 50 Conventionskreuzer or 60 Kreuzer Landmünze.

The first Gulden coins were issued in 1837, when Bavaria entered into the South German Monetary Union, setting the Gulden equal to four sevenths of a Prussian Thaler. The Gulden was subdivided into 60 Kreuzer. In 1857, the Gulden was set equal to four sevenths of a Vereinsthaler.

The Gulden was replaced by the Mark at a rate of 1 Mark = 35 Kreuzer.

Dollar

Dollar (often represented by the dollar sign $) is the name of more than 20 currencies, including those of Australia, Canada, Hong Kong, Jamaica, Liberia, Namibia, New Zealand, Singapore, Taiwan, and the United States. The U.S. dollar is also the official currency of the Caribbean Netherlands, East Timor, Ecuador, El Salvador, the Federated States of Micronesia, the Marshall Islands, Palau, and Zimbabwe. One dollar is generally divided into 100 cents.

Dutch guilder

The Dutch guilder (Dutch: gulden, IPA: [ˈɣɵldə(n)]) or fl. was the currency of the Netherlands from the 17th century until 2002, when it was replaced by the euro. Between 1999 and 2002, the guilder was officially a "national subunit" of the euro. However, physical payments could only be made in guilder, as no euro coins or banknotes were available. The Netherlands Antillean guilder is still in use in Curaçao and Sint Maarten (two countries in the Kingdom of the Netherlands), but this currency is distinct from the Dutch guilder. In 2004, the Surinamese guilder was replaced by the Surinamese dollar.

The Dutch name gulden was a Middle Dutch adjective meaning "golden", and the name indicates the coin was originally made of gold. The symbol ƒ or fl. for the Dutch guilder was derived from another old currency, the florin.

The exact exchange rate, still relevant for old contracts and for exchange of the old currency for euros at the central bank, is 2.20371 Dutch guilders (NLG) for 1 euro (EUR). Inverted, this gives EUR 0.453780 for NLG 1.

Dutch rijksdaalder

The rijksdaalder (Dutch, "dollar of the Empire") was a Dutch coin first issued by the Republic of the Seven United Netherlands in the late 16th century during the Dutch Revolt. Featuring an armored half bust of William the Silent, rijksdaalder was minted to the Saxon reichsthaler weight standard – 448 grains of .885 fine silver. Friesland, Gelderland, Holland, Kampen, Overijssel, Utrecht, West Friesland, Zeeland, and Zwolle minted armored half bust rijksdaalders until the end of the 17th century.

17th century rijksdaalder was set to be equal to from 48 to 50 stuivers (the Dutch equivalent of shillings) and circulated along with silver florins (28 stuivers), daalders (30 stuivers), leeuwendaalders (36 to 42 stuivers), silver ducats (48 stuivers), and ducatons (60 stuivers). While liondaalders were made of less pure silver at 427.16 grains of .750 fineness, silver ducats and rijksdaalders were almost of the same size and quality. With the disappearance of the original armored half bust rijksdaalder design, silver ducats and later ​2 1⁄2 guilders started to be called rijksdaalders.

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. This turned out to be a mistake (due to the high silver price) and from 1840 onward ​2 1⁄2-guilder coins were produced again. Production stopped in 2002 due to the introduction of the euro. ​2 1⁄2-guilder coins continued to be called by their nicknames rijksdaalder, riks, and knaak until the introduction of the euro.

The Royal Dutch Mint still mints a silver ducat today.

Economy of Suriname

Suriname was ranked the 124th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.

Florin sign

The florin sign (ƒ) is a symbol that is used for the currencies named florin, 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 Unicode, it does not have a separate code point, but the U+0192 ƒ LATIN SMALL LETTER F WITH HOOK (HTML ƒ · ƒ) has "Florin sign" amongst its alternative names. In many serif typefaces, it can often be substituted with a normal italic small-letter f ( f ).

It is used in the following current and obsolete currencies:

Current:

Aruban florin

Netherlands Antillean guilderObsolete:

Dutch guilder (until 2002)

Surinamese guilder (until 2004)

Italian florin (until 1533)

Guilder

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 1252). Hence, the name has often been interchangeable with florin (currency sign ƒ or ƒl.).

Lawa Railway

The Lawa Railway (Dutch: Lawaspoorweg or later Landsspoorweg) was a 173-kilometre-long (107 mi) single-track metre gauge railway in Suriname. It was built during the gold rush in the early 20th century, from the harbour town Paramaribo to Dam at the Sarakreek, but it was not extended to the gold fields at the Lawa River, as originally intended.

List of people on banknotes

This is a list of people on the banknotes of different countries. The customary design of banknotes in most countries is a portrait of a notable citizen (living and/or deceased) on the front (or obverse) or on the back (or reverse) of the banknotes, unless the subject is featured on both sides.

Lombardo-Venetian florin

The florin was the currency of Lombardy-Venetia (reduced to the sole Venetia three years before) between 1862 and 1866. It replaced the pound at a rate of 1 florin = 3 pounds. The florin was equivalent to the Austro-Hungarian gulden (also called the florin). Although it was subdivided into 100 soldi rather than 100 Kreuzer, Austrian coins circulated in Venetia. The only coins issued specifically for Venetia were copper ​1⁄2 and 1 soldo pieces. The name soldo was chosen due to the equivalence of the predecimal Kreuzer and soldo, both worth ​1⁄120 of a Conventionsthaler.

The florin was replaced by the Italian lira at the rate of 1 lira = ​40 1⁄2 soldi (1 florin = 2.469 lire). This rate corresponded to the comparative silver contents of the lira and florin coins.

Netherlands Indies gulden

The gulden was the unit of account of the Dutch East Indies from 1602 under the United East India Company (Dutch: Vereenigde Oost-Indische Compagnie; VOC), following Dutch practice first adopted in the 15th century (gulden coins were not minted in the Netherlands between 1558 and 1681 and none circulated in the Indies until a century later). A variety of Dutch, Spanish and Asian coins were in official and common usage. After the collapse of the VOC at the end of the 18th century, control of the islands reverted to the Dutch government, which issued silver 'Netherlands Indies' gulden and fractional silver and copper coins until Indonesian independence in 1948.

Netherlands New Guinean gulden

The gulden was the currency of Netherlands New Guinea until 1963. Until 1950, issues of the Netherlands Indies circulated. A separate currency came into being when West New Guinea became the only part of the Netherlands Indies to remain in Dutch control. The currency was fixed at parity with the Dutch gulden. It circulated until Netherlands New Guinea became part of Indonesia as West Irian in 1963. That year, the West Irian rupiah replaced the gulden at par.

Redenomination

Redenomination is the process of changing the face value of banknotes or coins used in circulating currency. It may be done because inflation has made the currency unit so small that only large denominations of the currency are circulated. In such cases the name of the currency may change or the original name may be used with a temporary qualifier such as "new". Redenomination may be done for other reasons such as adopting a new currency as with the Euro or decimalisation. The article deals with these various types of redenomination in detail.

South German gulden

The Gulden was the currency of the states of southern Germany between 1754 and 1873. These states included Bavaria, Baden, Württemberg, Frankfurt and Hohenzollern.

This specific Gulden was based on the Gulden or florin used in the Holy Roman Empire during the Late Middle Ages and Early Modern period.

Shortly after the introduction of the Conventionsthaler in 1754, various southern German states introduced the Kreuzer Landmünze. The originally planned Kreuzer (also called the Conventionskreuzer), was to have been worth ​1⁄120 of a Conventionsthaler (see Austro-Hungarian Gulden), whereas the Kreuzer Landmünze was worth ​1⁄144 of a Conventionsthaler (​5⁄6 of a Conventionskreuzer), allowing the states to adopt a more debased currency. For accounting purposes, there was a Gulden of 60 Kreuzer Landmünze which was worth ​5⁄12 of a Conventionsthaler. This Gulden (equivalent to ​1⁄24 of a Cologne mark of silver) was used for accounting in southern German states and appeared on banknotes but was not issued as a coin.

In 1837, the southern states of Germany formed a currency union. They adopted as the unit of currency the Gulden of 60 Kreuzer, slightly debased with ​24 1⁄2 Gulden to 1 Cologne mark of silver. This allowed for an exchange rate of ​1 3⁄4 Gulden to 1 Prussian Thaler. Coins were issued in denominations of ​1⁄2 Gulden and 1 Gulden; as well as 1 Thaler and 2 Thaler (the latter also denominated as ​3 1⁄2 Gulden), together with smaller pieces.

In 1857, the Vereinsthaler was introduced with a silver content fractionally smaller than the Prussian standard. This led to a change of design for the thaler coins of southern Germany, but no changes were made to the other denominations.

Following the Unification of Germany in 1871, the newly formed German Empire adopted the Goldmark in 1873 as it began to standardise to a single currency within its borders, and chose to decimalise. One Mark, (written as 1ℳ ), was subdivided into one-hundred Pfennig (written as 100₰ ), with the mark having an exchange equal to 35 Kreuzer, as the South German Gulden began to be withdrawn over the next three years.

From 1 January 1876 the Gulden and the Kreuzer, along with all other forms of currency which existed previously in what was now the German Empire, were abolished.

(The decimal Goldmark became the only legal tender, until 4 August 1914 when the link between the Mark and gold was abandoned with the outbreak of World War I, and replaced by the Papiermark).

Suriname (Kingdom of the Netherlands)

Suriname was a constituent country of the Kingdom of the Netherlands between 1954 and 1975. The country had full autonomy, except in areas of defence, foreign policy, and nationality, and participated on a basis of equality with the Netherlands Antilles and the Netherlands itself in the Kingdom of the Netherlands. The country became fully independent as the Republic of Suriname on 25 November 1975.

Surinamese dollar

The Surinamese dollar (ISO 4217 code SRD) has been the currency of Suriname since 2004. It is normally abbreviated with the dollar sign $, or alternatively Sr$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

Tuscan florin

The Tuscan florin (Italian: fiorino) was the currency of Tuscany between 1826 and 1859. It was subdivided into 100 quattrini (singular: quattrino), a local currency made by four pennies (from the Latin: quater denarii). There was an additional denomination called the paolo, worth 40 quattrini, in circulation.

Currencies named guilder, florin or similar
Circulating
Obsolete
As a denomination
Proposed
See also

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.