Netherlands Antillean guilder

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Netherlands Antillean guilder
Antilliaanse gulden (Dutch)
Netherlands Antilles 10 gulden bill.jpg 100-guilder bill (Netherlands Antilles).jpg
Modern 10 guilder bill, in circulation 2009Modern 100 guilder bill, in circulation 2009
ISO 4217
Code ANG
Denominations
Subunit
 1/100 cent
Plural guilders
cent cents
Symbol NAƒ, NAf, ƒ or f
Banknotes
 Freq. used ƒ10, ƒ25, ƒ50, ƒ100
 Rarely used ƒ5, ƒ250
Coins 1, 5, 10, 25, 50 cent, ƒ1, ​ƒ2 12, ƒ5
Demographics
User(s)

 Curaçao
 Sint Maarten
 Netherlands Antilles

until 10 October 2010

 Caribbean Netherlands

until 1 January 2011
Issuance
Central bank Central Bank of Curaçao and Sint Maarten
 Website www.centralbank.cw
Printer Joh. Enschedé
 Website www.joh-enschede.nl
Valuation
Inflation 3.6%
 Source Bank van de Nederlandse Antillen, 2006 Q1
 Method CPI
Pegged with U.S. dollar = ƒ1.79

The Netherlands Antillean guilder (Dutch: gulden) is the currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba, and Sint Eustatius. It is subdivided into 100 cents (Dutch plural form: centen). The guilder was replaced by the US dollar on 1 January 2011 on Bonaire, Saba and Sint Eustatius.[1] On Curaçao and Sint Maarten, the Netherlands Antillean guilder was proposed to be replaced by a new currency,[1] the Caribbean guilder,[2] but this has been stalled indefinitely by negotiations over the establishment of a separate central bank for Curaçao.[3]

Naming[edit]

In Papiamentu, the local language of Aruba, Bonaire and Curaçao, the guilder is called a "florin".[4] The ISO-4217 code, ANG, is derived from ANtilliaanse Gulden, while the currency symbol, NAFl, is derived from Netherlands Antilles Florin.[citation needed]

History[edit]

In the 18th century, the Dutch guilder circulated in the Netherlands Antilles. This was supplemented in 1794 by an issue of coins specific for the Dutch holdings in the West Indies. At this time, the guilder was subdivided into 20 stuiver.

Between 1799 and 1828, the reaal circulated on the islands, with 1 reaal = 6 stuiver or ​3 13 reaal = 1 guilder. The Dutch guilder was reintroduced in 1828, now subdivided into 100 cents. When currency began once more to be issued specifically for use in the Netherlands Antilles, it was issued in the name of Curaçao, with the first banknotes and coins, denominated in the Dutch currency, introduced in 1892 and 1900, respectively. The name "Netherlands Antilles" (Nederlandse Antillen) was introduced in 1952.

In 1940, following the German occupation of the Netherlands, the link to the Dutch currency was broken, with a peg to the U.S. dollar of 1.88585 guilders = 1 dollar established. The peg was adjusted to 1.79 guilders = 1 dollar in 1971.

In 1986, Aruba gained a status aparte and thereby left the Netherlands Antilles. Shortly after that, Aruba began to issue its own currency, the Aruban florin, which replaced the Netherlands Antillean guilder at par.

In 2011, a year after the dissolution of the Netherlands Antilles, Bonaire, Saba and Sint Eustatius switched to the US dollar.

Curaçao and Sint Maarten intended to replace the currency, thus ceased production of the currency, but as of 21:19, Friday, October 12, 2018 (UTC) still use the Antillean guilder. However since 2018 banknotes and coins now require replacement[5] and there are only two years of the Antilles guilder physical currency remaining: there is still a possibility that the islands could opt for the euro instead or possibly the US dollar .[6]

Coins[edit]

Banknotes[edit]

In 1892, the Curaçaosche Bank introduced notes in denominations of 25 and 50 cents, 1 and ​2 12 guilders. This was the only issue of the cent denominations. Notes for 5, 10, 25, 50, 100, 250 and 500 guilders followed in 1900. The 1 and ​2 12 guilder notes were suspended after 1920 but reintroduced by the government in 1942 as muntbiljet.

From 1954, the name "Nederlandse Antillen" appeared on the reverse of the notes of the Curaçaosche Bank and, from 1955, the muntbiljet (​2 12 guilders only) was issued in the name of the Nederlandse Antillen. In 1962, the bank's name was changed to the Bank van de Nederlandse Antillen. Starting in 1969, notes dated 28 AUGUSTUS 1967 began to be introduced. The front of these notes all feature the Statuut monument at front left instead of the allegorical seated woman found on the preceding issues, and on the back there is a new coat of arms.[7] In 1970, a final issue of muntbiljet was made in denominations of both 1 and ​2 12 guilders. The 500 guilder note was not issued after 1962. The 5 and the 250 guilder note was not issued after 1998. The 5 guilder was replace with a coin.

Netherlands Antilles 10 gulden bill.jpg 25NAFl.jpg 50NAFl.jpg 100-guilder bill (Netherlands Antilles).jpg
The 10 guilder bill is illustrated with a kolibrie. Security features include a surface foil tag, an embedded hologram under the hummingbird, and an orange moiré pattern contrasting with the green bill. The 25 guilder bill is illustrated with a flamingo. Security features include a surface foil tag, an embedded hologram under the flamingo, and a green moiré pattern contrasting with the pink bill. The 50 guilder bill has an andes mus on the face. Security features include a surface foil tag, an embedded hologram under the mus, and a green moiré pattern contrasting with the orange bill. The 100 guilder bill has a suikerdiefje on the face. Security features include a surface foil tag, an embedded hologram under the suikerdiefje, and a green moiré pattern contrasting with the brown bill.
Current ANG exchange rates
From Google Finance: AUD CAD CHF EUR GBP HKD JPY USD
From Yahoo! Finance: AUD CAD CHF EUR GBP HKD JPY USD
From XE: AUD CAD CHF EUR GBP HKD JPY USD
From OANDA: AUD CAD CHF EUR GBP HKD JPY USD
From fxtop.com: AUD CAD CHF EUR GBP HKD JPY USD

See also[edit]

Notes[edit]

  1. ^ a b (in Dutch) Rijksoverheid.nl - Wat is er veranderd sinds de staatkundige herindeling van het Koninkrijk der Nederlanden? Archived 2012-03-20 at the Wayback Machine.
  2. ^ "Antilliaanse gulden wordt aangehouden in 2012". dushi-curacao.info (in Dutch). 14 September 2011. Retrieved 28 September 2011.
  3. ^ "Jardim: Research Monetary Union Is Not A Priority". Curaçao Chronicle. 15 July 2015. Retrieved 31 December 2015.
  4. ^ Ratzlaff, Betty. Papiamentu/Ingles Dikshonario, second print, pg. 81, ISBN 99904-0-030-X
  5. ^ Banknotes and coins should soon be replaced
  6. ^ Only two years worth of Antillean guilders left Daily Herald 13 June 2018
  7. ^ Linzmayer, Owen (2012). "Netherlands Antilles". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

References[edit]

External links[edit]