Schilling

     From Wikipedia, the free encyclopedia.

Schilling
1 schilling (1983)

The Schilling was the monetary currency of Austria until the Euro exchange in 2002. The rate is one Euro for 13.7603 Schillings.

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". The "Schilling" is divided into 100 Groschen. It was worth approximately 5 pence in the British coinage system.