Netherlands Money

Netherlands money is the medium of exchange for goods and services in Netherlands. Netherlands money is a measure of value for making transactions in Netherlands. The currency of Netherlands is EURO, which is a form of money, including coins and paper notes, issued by the government of Netherlands.
Euro is also the official currency of all the twelve member countries of European Union.

Netherlands currency
Since January 29, 2002, Euro is the official currency of Netherlands. Upto January 28, 2002, Dutch Guilder was the currency of Netherlands. 1 Euro is equal to 100 cents. Euro consists of notes and currencies.

Euro notes are available in denominations of 500, 200, 100, 50, 20, 10 and 5 and Euro coins are available in denominations of 2 and 1, 50, 20, 10, 5, 2 and 1 cents.

Money exchange facilities in Netherlands
One can exchange foreign currency at the exchange office GWK(Grenswisselkantoor) in the main hall of the Central Railway Station, which remains open from Monday to Friday 8-21h and on Saturday 9-21 h.
One who has an international green card, can exchange currency or cash checks free of cost. GWK is a national establishment. GWK has currency exchange offices at prominent railway stations.
Components of Netherlands money with restrictions
Major components of Netherlands money are debit and credit cards, travelers checks etc.
Debit and credit cards:
Some of the major debit and credit cards of Netherlands are American Express, Diners Club, MasterCard and Visa. Euro check cards are also accepted.
Travelers checks:
Normally, the travelers use this facility to exchange their money and to avoid additional exchange rate charges, travelers should use the travelers check in Euro, Pounds, Sterling or US Dollars.
Currency restrictions
There is as such no restrictions on the import or export through local or foreign currencies.

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Last Updated on : 25th June 2013

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