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The guilder (;
Until 1942, Dutch coins circulated in Suriname. Starting that year, coins were minted in the
In 1826, the Algemene Nederlandsche Maatschappij (General Netherlands Company) issued and 3 guilder notes. These were followed in 1829 by notes of the West Indies Bank in denominations of , 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, 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 , 1 and guilders. Further issues for 50 cents and 1 guilder were introduced in 1940. The 50-cent coin was issued until 1942, with guilders being introduced in 1950. The silver certificates were superseded in 1960 by ''muntbiljet'' for 1 and guilders, which were issued until 1985.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.
ISO 4217
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individ ...
code: ''SRG'') was the currency
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...
of Suriname
Suriname, officially the Republic of Suriname, is a country in northern South America, also considered as part of the Caribbean and the West Indies. It is a developing country with a Human Development Index, high level of human development; i ...
until 2004, when it was replaced by the Surinamese dollar
The Surinamese dollar (ISO 4217 code ''SRD'') has been the currency of Suriname since 2004. It is divided into 100 '' cent''. The Surinamese dollar is normally abbreviated with the dollar sign ''$'', or alternatively ''Sr$'' to distinguish it fro ...
. 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''.
History
The Surinamese guilder was initially at par with theDutch guilder
The guilder (, ) or florin was the currency of the Netherlands from 1434 until 2002, when it was replaced by the euro.
The Dutch name was a Middle Dutch adjective meaning 'golden', and reflects the fact that, when first introduced in 1434, its ...
. In 1940, following the occupation of the Netherlands, the currency (along with the Netherlands Antillean guilder
The Netherlands Antillean guilder (; ) is a currency of Curaçao and Sint Maarten, which until 2010 formed the Netherlands Antilles along with Bonaire, Saba (island), Saba, and Sint Eustatius. It is subdivided into 100 ''cents'' (Dutch plural: ' ...
) was pegged to the U.S. dollar at a rate of 1.88585 guilders = 1 dollar.
The Surinamese guilder began to lose value from high inflation in the beginning of the 1980s, when a currency black market
A black market is a Secrecy, clandestine Market (economics), market or series of transactions that has some aspect of illegality, or is not compliant with an institutional set of rules. If the rule defines the set of goods and services who ...
emerged. It was replaced by the Surinamese dollar
The Surinamese dollar (ISO 4217 code ''SRD'') has been the currency of Suriname since 2004. It is divided into 100 '' cent''. The Surinamese dollar is normally abbreviated with the dollar sign ''$'', or alternatively ''Sr$'' to distinguish it fro ...
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 nominal value by a thousandfold overnight.
Coins
Until 1942, Dutch coins circulated in Suriname. Starting that year, coins were minted in the United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...
for use in Netherlands Guiana, some of which also circulated in the Netherlands Antilles
The Netherlands Antilles (, ; ), also known as the Dutch Antilles, was a constituent Caribbean country of the Kingdom of the Netherlands consisting of the islands of Saba (island), Saba, Sint Eustatius, and Sint Maarten in the Lesser 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
In 1826, the Algemene Nederlandsche Maatschappij (General Netherlands Company) issued and 3 guilder notes. These were followed in 1829 by notes of the West Indies Bank in denominations of , 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, 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 , 1 and guilders. Further issues for 50 cents and 1 guilder were introduced in 1940. The 50-cent coin was issued until 1942, with guilders being introduced in 1950. The silver certificates were superseded in 1960 by ''muntbiljet'' for 1 and 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.
See also
* Economy of SurinameReferences
* *External links
* {{Guilder 2003 disestablishments in Suriname Currencies of South America Currencies of the Caribbean Currencies of the Kingdom of the Netherlands Economy of Suriname History of Suriname Modern obsolete currencies Guilder