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Austrian schilling

Austrian schilling

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This article is about the currency. See Schilling of Solothurn for the Swiss family.
Austrian schilling
Österreichischer Schilling (German)
Image:Carl Ritter von Ghega money.jpg Image:Austria-coin-1992-20S-Kärnten-RS.jpg
20 Schilling (1968) 20 Schilling
ISO 4217 Code ATS
User(s) Austria
Inflation 2%
Source CIA world factbook 2001
ERM
Since 19 June 1989
Fixed rate since 31 December 1998
Replaced by €, non cash 1 January 1999
Replaced by €, cash 1 January 2002
= S 13.7603
Subunit
1/100 Groschen
Symbol S or öS
Plural Schilling
Groschen Groschen
Coins
Freq. used 10, 50, Groschen, S 1, S 5, S 10
Rarely used 1, 2, 5 Groschen, S 20, S 50
Banknotes S 20, S 50, S 100, S 500, S 1000, S 5000
Central bank Oesterreichische Nationalbank
Website www.oenb.at
Mint Münze Österreich
Website austrian-mint.com
This infobox shows the latest status before this currency was rendered obsolete.

The Schilling was the currency of Austria until 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 Schilling to replace it. The "Schilling" was divided into 100 Groschen.

Contents

[edit] History

The Schilling was established by the Schilling Act (Schillingrechnungsgesetz) of December 20, 1924 at a rate of 1 Schilling to 10,000 Austro-Hungarian Kronen and issued on 1 March 1925. The Schilling was abolished in the wake of the Anschluss (1938), when it was exchanged at a rate of 1 German Reichsmark to 1.5 Schilling.

The Schilling was reintroduced after World War II on November 30, 1945 by the Allied Military, who issued paper money (dates 1944) in denominations of 50 Groschen up to 100 Schilling. The exchange rate to the Reichsmark was 1:1, limited to 150 Schilling per person. The Nationalbank also began issuing Schilling notes in 1945 and the first coins were issued in 1946.

With a second "Schilling" law in November 1947, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 Schilling and at a rate of 1 new Schilling for 3 old Schilling thereafter. The currency stabilised in the 1950s, with the Schilling being tied to the U.S. dollar at a rate of $1 = 26 Schilling. Following the breakdown of the Bretton Woods system in 1971, the Schilling was initially tied to a basket of currencies, and then in July 1976 the Schilling was coupled to the German mark.

Although the euro became the official currency of Austria in 1999, euro coins and notes were not introduced until 2002. Old Schilling denominated coins and notes were phased out from circulation by 28 February of that year. Schilling banknotes and coins which were valid at the time of the introduction of the euro will remain exchangeable for euros at any branch of the Austrian National Bank (Oesterreichische Nationalbank) indefinitely.

[edit] Coins

At the time of the changeover to the euro, coins in circulation were the following. Coins under 10 Groschen were rarely seen in circulation during the final years of validity.

Last Circulating Coins <ref>Template:Cite web</ref> <ref>Template:Cite web</ref> <ref>Template:Cite web</ref>
Image Value € equiv. Technical parameters Description Date of
Diameter Mass Composition Edge Obverse Reverse first minting issue
Image:Austria-Coin-1947-1g-VS.jpgImage:Austria-Coin-1947-1g-RS.jpg 1 Groschen 0.07 cent 17 mm 1.8 g 100% zinc Smooth State title, coat of arms Value, year of minting 1947 5 April 1948
Image:Austria-Coin-1972-2g-VS.jpgImage:Austria-Coin-1972-2g-RS.jpg 2 Groschen 0.15 cent 18 mm 0.9 g 98.5% aluminium
1.5% magnesium
Coat of arms State title, value, year of minting 1950 15 July 1950
5 Groschen 0.36 cent 19 mm 2.5 g 100% zinc Notched State title, coat of arms Value, year of minting 1948 17 June 1948
Image:Austria 05.gif 10 Groschen 0.73 cent 20 mm 1.1 g 98.5% aluminium
1.5% magnesium
Smooth Coat of arms Value, year of minting 1951 27 November 1951
Image:Austria 02.gif 50 Groschen 3.63 cent 19.5 mm 3 g 91.5% copper
8.5% aluminium
Serrated Shield, state title Value, year of minting 1959 1 October 1959
Image:Austria 06.gif S 1 7.27 cent 22.5 mm 4.2 g Smooth State title, value, year of minting Flowers, value 1959 1 September 1959
Image:Austria 07.gif S 5 36.34 cent 23.5 mm 4.8 g Cupronickel1
75% copper
25% nickel
Smooth State title, horse rider Shield, value, year of minting 1968 15 January 1969
Image:Austria 08.gif S 10 72.67 cent 26 mm 6.2 g Serrated State title, coat of arms Woman, value, year of minting 1974 17 April 1974
S 20 1.45 27.7 mm 8 g Aluminium bronze
92% copper
6% aluminium
2% nickel
Smoothly with 19 points/Smooth 2 State title, the nine Austrian provinces Value, year of minting 1980 10 December 1980
Image:Austria-coin-1992-20S-Kärnten-RS.jpg S 20 State title, value, shield, year of minting Various commemorative subject 1982
Image:Austria-coin-1996-50S-1000Jahre-RS.jpg S 50 3.63 26.5 mm
Core: 18.5 mm
8.15 g Ring: Aluminium bronze (as S 20)
Center: Magnimat 7
Smooth State title, value encircled by the coats-of-arms of the states of Austria Various commemorative subject 1996
These images are to scale at 2.5 pixels per millimetre, a standard for world coins. For table standards, see the coin specification table.

[edit] Note

  1. 10 Schilling has pure nickel core
  2. Smoothly with 19 points until 1992. In 1993, all previous 20 Schilling coins were reissued with smooth edges.

[edit] Banknotes

The last two series of Austrian banknotes before euro.

1983 Series <ref>Template:Cite web</ref>
Image Front Value € equiv. Dimensions Description Date of
Obverse Reverse printing issue
Image:20ATS.jpg S 20 1.45 123 x 61.5 mm Moritz Daffinger Albertina (Vienna) 1 October 1986 19 October 1988
Image:50ATS.jpg S 50 3.63 130 x 65 mm Sigmund Freud Josephinum (Alsergrund, Vienna) 2 January 1986 19 October 1987
Image:100ATS.jpg S 100 7.27 137 x 68.5 mm Eugen von Böhm-Bawerk Akademie der Wissenschaften 2 January 1984 14 October 1985
S 500 36.34 144 x 72 mm Otto Wagner Post Office Savings Bank, Vienna 1 July 1985 1986
S 1000 72.67 152 x 76 mm Erwin Schrödinger University of Vienna 3 January 1983 1983
Image:5000ATS.jpg S 5000 363.36 160 x 78 mm Wolfgang Amadeus Mozart Wiener Staatsoper 4 January 1988 17 October 1989
1997 Series
Image Front Value € equiv. Dimensions Description Date of
Obverse Reverse printing issue
Image:500ATS.jpg S 500 36.34 147 x 72 mm Rosa Mayreder Rosa Mayreder 1 January 1997 20 October 1997
Image:1000ATS.jpg S 1000 72.67 154 x 72 mm Karl Landsteiner Karl Landsteiner 1 January 1997 20 October 1997
These images are to scale at 0.7 pixels per millimetre, a standard for world banknotes. For table standards, see the banknote specification table.

[edit] See also

[edit] References

<references/>

  • (2003) Chester L. Krause, Cliffor Mischler, Colin R. Bruce II, et al. (editors): 2004 Standard Catalog of World Coins: 1901-present, 31st ed., Krause Publications. ISBN 0-87349-593-4.
  • (2006) George S. Cuhaj: Standard Catalog of World Paper Money, Modern Issues, 1961-present, 12th ed., KP Books. ISBN 0-89689-356-1.

[edit] External links

Old Schilling
Preceded by:
Austro-Hungarian Krone
Reason: inflation
Ratio: 1 Schilling = 10,000 Kronen
Currency of Austria
19251938
Succeeded by:
German Reichsmark
Reason: German annexation (anschluss)
Ratio: 1 Reichsmark = 1.5 Schilling


Allied Military Schilling
Preceded by:
German Reichsmark
Reason: restoration of sovereignty, under allied occupation
Ratio: at par, limited to 150 Schilling per person
Currency of Austria
November 30, 1945 – November, 1947
Succeeded by:
New Schilling
Reason: inflation
Ratio: at par for the first 150 Schilling per person, then 1 new Schilling = 3 Allied Military Schilling


New Schilling
Preceded by:
Allied Military Schilling
Reason: inflation
Ratio: at par for the first 150 Schilling per person, then 1 Schilling = 3 allied military Schilling
Currency of Austria
1947December 31, 2001
Note: euro existed as an accounting currency since 1 January 1999
Succeeded by:
euro
Reason: deployment of euro cash
Ratio: 1 euro = 13.7603 Schilling


Pre-euro and other EU currencies Image:European flag.svg
Eurozone Austrian Schilling | Belgian franc | Dutch gulden | Finnish mark | French franc | German Mark | Greek drachma | Irish pound | Italian lira | Luxembourgish franc | Monegasque franc | Portuguese escudo | San Marinese lira | Spanish peseta | Vatican lira
ERM II Cypriot pound | Danish krone | Estonian kroon | Latvian lats | Lithuanian litas | Maltese lira | Slovak koruna | Slovenian tolar
Other EU British pound | Bulgarian lev | Czech koruna | Gibraltar pound | Hungarian forint | Polish złoty | Romanian leu | Swedish krona
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Austrian schilling

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