| Single European
currency, the Euro is now the official
currency of 12 EU member states including The Netherlands.
The first Euro coins and notes were introduced in January 2002,
the Dutch Guilder was in circulation until 28 January 2002, when
it was completely replaced by the Euro.
Euro (€) = 100 cents. Notes are in denominations
of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations
of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.
Exchange offices are indicated by the letters GWK.
GWK is a national organisation with currency
exchange offices at major railway stations, at Schiphol
Airport and at the border crossings with Germany and Belgium.
Hotels tend to charge high commissions. Verkoopt means sell, while
Koopt means buy.
Credit & debit cards in Netherlands
American Express, MasterCard, Diners Club and Visa are accepted,
as well as Eurocheque cards. Check with your credit or debit card
company for details of merchant acceptability and other services
which may be available in the Netherlands.
Travellers cheques are widely accepted. To avoid additional exchange
rate charges, travellers are advised to take travellers cheques
in Euros, US Dollars or Pounds Sterling.
There are no restrictions on the import and export of either local
or foreign currency.
The following figures are included as a guide to the movements of
the Euro against Sterling and the US Dollar: