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§ 08 Issuance

Issued on the record.

How the Guilder is to be issued, recorded and accounted for.

§ 08.1 Lifecycle

Five steps

  1. 01

    Authorise

    Each issue is decided by the body the rules name, within the limits they set.

  2. 02

    Record

    It is entered in the Bank’s accounts and register before any note leaves the Bank.

  3. 03

    Publish

    The register entry is published here, with its date and source document.

  4. 04

    Audit

    An independent auditor reconciles the register with the accounts.

  5. 05

    Withdraw

    Worn notes are retired and destroyed under supervision, and recorded.

§ 08.2 Two forms

Paper and digital

One currency, one register.

Banknotes and digital Guilders are the same money in two forms, issued under the same rules and recorded in the same register. For banknotes, the register follows each series from printing to destruction. For digital Guilders, every creation and cancellation is entered both in the register and on the ledger, so that the two can be reconciled.

§ 08.3 Register

The issuance register

Forthcoming

Register entries will be published here.