The Dutch exchanged their ancient currency, the guilder, for the euro with scarcely a murmur of protest. |
No more confusion over how many dollars make a mark and how many marks become a guilder or how many lire a set of wheels go for. |
Most suppliers and wholesalers hiked prices because the guilder was 2.2 to the euro. |
One way to slow down the economy could have been a revaluation of the guilder in relation to the euro. |
In October 1981 the Deutschmark and the Dutch guilder were revalued, while the French franc and the lira were devalued. |
We explained the puzzle by pointing to the high value of the guilder, then the Dutch currency. |