Duit

monogram on the obverse and the crowned coat of arms of the Province of Holland on the reverse. The duit ( ) (plural: duiten; ) was an old low-value Dutch copper coin. Struck in the 17th and 18th centuries in the territory of the Dutch Republic, it became an international currency. It held significant importance in both Dutch domestic and colonial trade, particularly in the Dutch East Indies (modern-day Indonesia). The coin had the nominal value of 1/8 stuiver.

monogram on the obverse and the crowned coat of arms of the Province of Holland on the reverse. The duit ( ) (plural: duiten; ) was an old low-value Dutch copper coin. Struck in the 17th and 18th centuries in the territory of the Dutch Republic, it became an international currency. It held significant importance in both Dutch domestic and colonial trade, particularly in the Dutch East Indies (modern-day Indonesia). The coin had the nominal value of 1/8 stuiver. The coin's name was preserved in the Netherlands for a long time as vierduitstuk (or 'plak' ), because it was worth 4 duiten = half a stuiver (or 2½ cents). According to its usage in the Netherlands, 8 duiten are equivalent to a stuiver and 160 duiten are equivalent to a guilder. When this value was applied in the Dutch East Indies colony in 1726, it was equivalent to a quarter of a stuiver (i.e. 4 duit = 1 stuiver). ==Legacy== As the monetary unit was widespread throughout the Malay archipelago, the word eventually was absorbed into Malay vocabulary becoming a synonym for 'money' besides wang (Malaysian spelling) and uang (Indonesian spelling). Malaysia's own national contactless payment system is named DuitNow. The Duit is also used in Dutch India making Duttu (துட்டு) a slang for low denomination money in Tamil. The duit is also referred to as the "New York penny" due to its use as a Colonial monetary unit in Dutch New Amsterdam (later New York) and for years later, long after Dutch rule had passed. The Duit circulated also in the duchy of Cleves and Guelders, which may be the reason why in the 18th century the expression kein Deut entered the German language, meaning not a bit. ==References== == External links==

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