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The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of 20 December 1924, at a rate of one schilling to 10,000 kronen and issued on 1 March 1925. The schilling was abolished in the wake of Germany's annexation of Austria in 1938, when it was exchanged at a rate of 1.50 schilling for one Reichsmark .
In 1923 the League of Nations Financial Committee, with support from the Bank of England under Montagu Norman, provided a loan to allow Austria to stabilize the krone against the U.S. dollar in exchange for austerity measures. [1] In 1925, as the third step, the new Schilling banknotes were emitted. [2]
5-sol French coin and silver coins – New France Spanish-American coins- unofficial; Playing cards – 1685-1760s, sometimes officially New France; 15 and a 30-deniers coin known as the mousquetaire – early 17th century New France
In the 19th century, the term schilling was still the equivalent of 30 pfennigs or 7½ kreuzers in the dialects of Salzburg and Upper Austria. [ 7 ] From 1925 to 1938 and 1945 to 1998 the schilling was an accounting unit as well as a currency, but from 1999 until the introduction of the euro in 2002, the schilling was only a currency unit.
The Oesterreichische Nationalbank (German pronunciation: [ˌøːstəʁaɪ̯çɪʃə natsi̯oˈnaːlˌbaŋk], lit. ' Austrian National Bank ', abbr. OeNB) is the Austrian member of the Eurosystem and was the monetary authority for Austria from 1923 to 1938 and from 1945 to 1998, issuing the Austrian schilling.
In December 1923 the Austrian Parliament authorised the government to issue silver 5,000, 10,000, and 20,000-kronen coins which were to be designated half-Schilling, Schilling, and double Schilling. The Schilling became the official currency of Austria currency on 20 December 1924, at a rate of 10,000 Kronen to 1 Schilling.
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100 schillings - silver - First Austrian Republic - 1995; 100 schillings - silver - Leopold III - 1996; 100 schillings - silver - Emperor Maximilian I of Mexico - 1997; 100 schillings - silver - Crown Prince Rudolf of Austria - 1998; 100 schillings - silver - Archduke Franz Ferdinand of Austria - 1999; 100 schillings - silver - The Celts - 2000