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The guilder ( nl, gulden;
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 The silver certificates were superseded in 1960 by ''muntbiljet'' for 1 and guilders, which were issued until 1985.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 individual ...
code: ''SRG'') was the currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" 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 ...
of Suriname
Suriname (; srn, Sranankondre or ), officially the Republic of Suriname ( nl, Republiek Suriname , srn, Ripolik fu Sranan), is a country on the northeastern Atlantic coast of South America. It is bordered by the Atlantic Ocean to the nor ...
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''.
History
The Surinamese guilder was initially at par with theDutch guilder
The guilder ( nl, gulden, ) or florin was the currency of the Netherlands from the 15th century until 2002, when it was replaced by the euro.
The Dutch name ''gulden'' was a Middle Dutch adjective meaning "golden", and reflects the fact that, ...
. In 1940, following the occupation of the Netherlands, the currency (along with the Netherlands Antillean guilder) was pegged to the U.S. dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...
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, underground economy, or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is characterized by noncompliance with an institutional set of rules. If the rule defines the ...
emerged. 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
Until 1942, Dutch coins circulated in Suriname. Starting that year, coins were minted in the United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...
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
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 Suriname
The economy of Suriname was largely dependent upon the exports of aluminium oxide and small amounts of aluminium produced from bauxite mined in the country. However, after the departure of Alcoa, the economy depended on the exports of crude oil ...
References
* *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