Schilling
| Schilling |
|---|
| |
| 1 schilling (1983) |
The Schilling was the currency of Austria until the Euro exchange in 1999. The rate is one Euro for 13.7603 Schillings.
The "Schilling" was divided into 100 Groschen.
Originally launched in the early 1920s, the Schilling was abolished in the wake of the Anschluss (1938) and reintroduced after WWII on November 30, 1945. The exchange rate to the Reichsmark was 1:1, limited to 150 Schillings per person. With a second "Schilling" law in November 1947 "new" notes were introduced which could also be exchanged in certain amounts for the old ones. The currency stabilized in the 1950s. In 1980 the Schilling was coupled to the "Deutsche Mark".
Euro coins and notes were introduced in 2002, the old schilling being phased out from circulation in the same year. At that stage it was worth approximately 5 pence in the British coinage system: see shilling.
