On the European Central Bank's website, it states that paper guilders will be exchanged until 2032. However, there is an asterisk which states that guilders obtained from commercial activities after 2002 will not be exchanged. What does this mean? Also, I was planning to purchase a 1970 100 guilder note for a friend who will visit the Netherlands next month. However, Leftover Currency offers to exchange it for a surprisingly small amount compared to the other 100 guilder. (5.40 GBP vs 22.63 GBP) Is this note I was going to bid on still exchangeable (in the Netherlands, at the irrevocable rate of 2.2 Guilders to Euro)?
No, these notes were revoked already in 1986. That meant that they could be exchanged until 2016 at the central bank for Euros.
Thanks. Also, what about the "commercial activities" clause? Is there some way that the bank will verify if you received the newer series notes before 2002?
Private persons may exchange guilder notes obtained after 2002. Companies were not allowed to take guilders as payment after 2002. So any company making an exchange will have to present proof how they obtained the funds.
