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The Guianan guilder replaced the Dutch guilder at par after the colonies were captured by the British from the Dutch. The guilder was initially subdivided into 20 "Stuivers", in English stivers. Brazilian pecas (6,400 réis gold coins), known locally as "joes", circulated at a value of 22 guilders. The exchange rate to the British pound was initially fixed at 1 pound = 12 guilders (1 guilder = 20 pence).