What currency does Netherlands use: facts and figures

What currency does Netherlands use

Like most of the European countries which are a member of the European Union, the money used in Holland is euro. Euro is their national money.

Euro is the Netherlands’ national currency since 2002. This was the first time when you can actually buy something with the euro and when you can see euro coins and banknotes.

In the period between 1999 and 2002, the euro existed but was used just for electronic means and traveller’s checks so the currency of Netherlands was still dutch guilder.
Most of the European countries, including the Netherlands allows holders of old currency to still use them until a very well determined date.

What currency does Netherlands use
currency of Holland before euro

For example, in Holland, people can still exchange banknotes until 1 January 2032.
On the other hand, there are some countries in Europe like Spain, Austria or Germany where people can exchange their old money to euro forever!

Do you know what currency does Netherlands use before 2002?

Before 2002, the Netherlands national currency was the dutch guilder.
This money was used since the 17th century. So, for more than 322 years the dutch guilder was used by dutch people as national money.

And the guilder is still as a matter of fact made use of in the nations of Sint Maarten as well as Curacao, which become part of the Kingdom of the Netherlands. Allow it to be noted though that this currency does not appear like the traditional Dutch guilder.

What currency to use in Netherlands
What currency does Netherlands use

The 300 plus year background of the Dutch guilder was not without interruption though. There was a short duration, throughout annexation to France when the French franc was inflow. This was from 1810 to 1814. As soon as the Napoleonic wars wrapped up the Netherlands began re-circulation of the Dutch guilder.

The guilder consequently underwent periods of the German line of work during The second world war as well as later on had its exchange rate established by the liberating Allied Forces. Although the guilder undertook phases where coins were made from different products, there were no more interventions in its usage by outside countries.

So what currency does Netherlands use after 2002 and what happened to the dutch guilder?

After the 2002 introduction of the Euro, guilder coins were still exchangeable at the Netherlands Central bank until the very first day of 2007. Banknotes, however, stay exchangeable all the way to 2032.

So in solution to the concern on many people’s minds, the official currency used in Netherlands is the euro.

Related Posts

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.