1 RMB (Chinese Yuan Renminbi - CNY) is approximately equal to 0.3054 NLG (Dutch Guilder). It was the official currency of the Netherlands from the 17th century to 2002, after which it was replaced by Euro. The name guilder was derived from the Dutch word "gulden" meaning "golden". 1 NLG is sub-divided into100 Cents. The issue of the currency was controlled by the central bank, De Nederlandsche Bank. The currency NLG (Dutch Guilder) was pegged to Euro at 1 Euro = 2.20371 Guilders.