According to Radio Berlin Brandenburg (RBB), the debt would amount to 11,200
guilders today, which is roughly equivalent to 112 million euros ($136.79 million).
The exchange market between bank
guilders and current
guilders deepened to become the principal measure of the value of the bank
guilder.
The
guilder weakens versus the mark, which forces the Dutch central bank to raise interest rates as well.
In an interview published at the end of April this year in Het Parool, Henk Brouwer, a director of the Dutch central bank, De Nederlandsche Bank, said the
guilder was undervalued at the time of the introduction of the euro, a fact that was more or less withheld from the public until then.
Only then might the
guilder re-emerge - but amid the ashes of the EU, there would seem even less prospect of an increase in Dutch spending power.
"The government thinks it is the right time to join the Caribbean by changing over from the Surinamese
guilder to the Surinamese dollar," President Ronald Venetiaan said.
His wife Henritta, however, obviously knows the value of a
guilder - she hasn't splashed out on expensive three-course meals provided by posh caterers.
Exhibit 1: Fixed Euro Conversion Rates Currency Literacy Country Currency Abbreviation Rate Euroland euro EUR 1 Austria schilling ATS 13.7603 Belgium franc BEF 40.3399 Finland markka FIM 5.94573 France franc FRF 6.55957 Germany mark DEM 1.95583 Ireland punt IEP .787564 Italy lira ITL 1,936.27 Luxembourg franc LUF 40.3399 Netherlands
guilder NLG 2.20371 Portugal escudo PTE 200.482 Spain peseta ESP 166.386
However, collective wage settlements have accelerated little, and Consumer price inflation - after a pronounced rise over the summer essentially as a result of the strength of the dollar and the consequent depreciation of the
guilder in effective terms - has started declining again, to 2.3 per cent in the 12 months to October.
First, according to our estimation, the cuts on Disablement Act expenditures will amount to 1.3 billion
guilders, which is less than the 2.5 billion
guilder the government hopes to achieve.
They receive approximately 150
guilders per patient per year (each
guilder represents about 60 U.S.
These currencies include the German mark, Dutch
guilder, Italian lira and the French franc.