Cryptocurrency Q&A When did Gulden change to euro?

When did Gulden change to euro?

CryptoVisionary CryptoVisionary Fri Nov 08 2024 | 5 answers 707
I want to know when Gulden was replaced by the euro as the official currency. I'm curious about the specific date or period when this transition took place. When did Gulden change to euro?

5 answers

DigitalDukedom DigitalDukedom Sun Nov 10 2024
The dual circulation period began before the physical introduction of the euro. During this time, both the guilder and the euro had legal tender status. This meant that both currencies could be used for transactions.

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Lucia Lucia Sun Nov 10 2024
The dual circulation period ended on January 28, 2002. After this date, the guilder ceased to be legal tender, and the euro became the sole currency used in the Netherlands.

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CryptoWizardry CryptoWizardry Sun Nov 10 2024
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Valeria Valeria Sun Nov 10 2024
The Netherlands adopted the euro banknotes and coins on January 1, 2002. Prior to this date, the euro had been the official currency for a transitional period of three years.

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SumoMighty SumoMighty Sun Nov 10 2024
During this transition, the euro existed solely as 'book money,' meaning it was used in financial transactions but not in physical form. This allowed businesses and individuals to adjust to the new currency without the immediate need for physical euro notes and coins.

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