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Dutch Guilder Currency System
The gulden was the silver-based currency system established by the Dutch Republic in the 17th century, with the stuiver as its subsidiary unit, unifi…
Timeline
- c. 1586–1610Provincial mints of the Netherlands · Dutch RepublicAfter the Peace of Utrecht, the provinces coordinated coin fineness, establishing monetary units centered on the rijksdaalder and various guilder silver coins, while the stuiver subsidiary coin circulated widely in domestic retail markets.
- 1609–1640Amsterdam Exchange Bank (Wisselbank) · AmsterdamThe Amsterdam Exchange Bank accepted deposits in standard-fineness silver coins and provided bill clearing and deposit transfer services, making the guilder the benchmark currency for commercial credit and cross-border exchange in Northwestern Europe.
- 1641–1650Baltic-to-Atlantic trade network · Atlantic trade corridorIn the 1640s, Dutch guilder silver coins circulated widely through East and West India trade, Baltic grain re-export, and Mediterranean exchange, establishing fixed exchange rates with Spanish silver and English currency, and becoming an important medium of international commercial settlement in the early modern period.
Sources
- Dutch guilder https://en.wikipedia.org/wiki/Dutch_guilder
- The First Modern Economy: Success, Failure, and Perseverance of the Dutch Economy, 1500-1815 — de Vries, J.; van der Woude, A. (1997)