What does DUIT stand for? 

Duit

The duit (plural: duiten; English: doit) was a copper Dutch coin worth 2 penning, with 8 duit pieces equal to one stuiver and 160 duit pieces equal to one gulden. In Dutch Indonesia 4 duit pieces were equal to one stuiver. To prevent smuggling, the Dutch East India Company (VOC) ordered special coins with the company monogram embossed upon them. Only those pieces were valid in Indonesia. The duit was once used in the Americas in areas under Dutch rule. The name of the coin was preserved for a long time in the 'fourduitcoin' (or 'plak'), because it was worth 4 duiten = half a stuiver (or 2.5 cents). The Dutch language has many expressions, proverbs and sayings which feature the word 'duit'. "Putting a duit in the bag" (Een duit in het zakje doen) – to contribute something "He is a duit-thief" (Hij is een duitendief) – he is very greedy "He has much shit, but little duit" (Hij heeft veel kak, maar weinig duiten) – he is a boaster "To be courageous like a three-duit haddock" (Moed hebben als een schelvis van drie duiten) – to be cowardly "To give someone of four duit back" (Iemand van vier duiten weerom geven) – to tell someone the truth

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