Billions of Guilder coins 'missing'

12th September 2006, Comments 0 comments

12 September 2006, AMSTERDAM — Billions of coins from the Guilder era are 'missing', the Dutch Central Bank (DNB) has said.

12 September 2006

AMSTERDAM — Billions of coins from the Guilder era are 'missing', the Dutch Central Bank (DNB) has said.

The DNB is launching a national campaign to urge the public to exchange their old Guilder coins for euros. The coins can be exchanged until the end of this year. Guilder notes can be exchanged at the DNB up to 2032.

It is estimated 3.5 billion Guilder coins, worth EUR 500 million, are still in public hands following the introduction of the European currency in 2002. The mountain of outstanding coins would weigh 10,000 tonnes, roughly equal to the Eiffel Tour, the DNB has calculated.

Members of the public can bring Guilder coins at any post office from 2 October. The coins will be handed in special bags and the equivalent in euros will later be credited to the person's bank account.

The coins will later be rendered useless as currency and sold off as old metal. The proceeds will go to the government coffers.

Newspaper 'De Telegraaf' reported that it is unlikely that the majority of these coins will resurface. Many coins have been taken away by tourists and more have been lost on the beach or elsewhere.

Click here for more information in English from the DNB.

[Copyright Expatica News 2006]

Subject: Dutch news

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