How To Exchange Your Austrian Schillings Today

The Austrian schilling was the currency of Austria from 1925 to 1938 and then again from 1945 to 1999. It was replaced by the Euro in 2002. The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. However, banks, building societies, and bureaux de change will not convert Austrian schillings back into cash.

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999

The Austrian schilling was the currency of Austria for two distinct periods during the 20th century. Firstly, from 1925 to 1938, and then again from 1945 to 1999. The schilling was also the circulating currency until 2002, when it was replaced by the euro.

The history of the Austrian schilling can be divided into two distinct periods, mirroring the country's political history. The first period, from 1925 to 1938, covers the era of the First Austrian Republic. The schilling was established by the Schilling Act of 20 December 1924, with one schilling equalling 10,000 kronen. The currency was abolished following the annexation of Austria by Germany in 1938 and was exchanged at a rate of 1.50 schillings to one Reichsmark.

The second period, from 1945 to 1999, covers the era of the Second Austrian Republic. The schilling was reintroduced after World War II on 30 November 1945 by the Allied Military, who issued banknotes and coins in various denominations. The exchange rate to the Reichsmark was set at 1:1, with a limit of 150 schillings per person. The Austrian National Bank also began issuing schilling notes in 1945, with the first coins issued the following year.

The schilling became one of the most stable currencies in Europe, earning the nickname 'Alpendollar'. This stability was due to Austria's strict hard-currency policy, which resulted in the schilling's exchange rate being tied to the Deutsche Mark from 1976 onwards.

Despite the introduction of the euro as the official currency of Austria in 1999, schilling banknotes and coins remained in circulation until 28 February 2002. Today, the Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate is fixed at 1 euro to 13.7603 schillings.

The schilling was divided into 100 groschen

The Austrian schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it remained the circulating currency until 2002 when it was replaced by the Euro. The schilling was divided into 100 groschen.

The history of the Austrian schilling can be traced back to the Carolingian coin reform in 794 AD, which established a new silver currency with the schilling as a unit of account. The schilling consisted of 12 silver pfennigs and was initially only a coin of account before becoming an actual minted coin in many European countries.

In Austria, the schilling was introduced in 1925 at a rate of one schilling to 10,000 kronen. It was abolished in 1938 following Germany's annexation of Austria and was replaced by the Reichsmark. After World War II, the schilling was reintroduced in 1945 by the Allied Military, who issued paper money in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100, and 1000 schillings.

The Austrian schilling was stabilised in the 1950s when it was tied to the US dollar at a rate of $1 = 26 schillings. This monetary reorganisation paved the way for Austria's membership in the International Monetary Fund. The Central Bank maintained the schilling's stability by adhering to a hard currency policy, which resulted in the schilling's exchange rate being linked to the Deutsche Mark from 1976 onwards.

The Euro was introduced at a fixed parity of €1 = 13.7603 schillings, and old schilling-denominated coins and notes were phased out from circulation by February 28, 2002. However, schilling banknotes and coins that were valid at the time of the Euro's introduction can still be exchanged for Euros at any branch of the Oesterreichische Nationalbank.

The schilling was reintroduced after World War II on 30 November 1945 by the Allied Military

The Austrian schilling was reintroduced as the country's currency on 30 November 1945 by the Allied Military after World War II. The Allied Military issued paper money in denominations of 50 groschen, 1, 2, 5, 10, 20, 25, 50, 100, and 1000 schillings. The exchange rate to the Reichsmark was 1:1, with a limit of 150 schillings per person. The Nationalbank also began issuing schilling notes in 1945, and the first coins were issued in 1946.

The reintroduction of the schilling in 1945 was actually the second time this unit of currency was established in Austria. The first Austrian schilling was issued in 1925, following the collapse of the Austro-Hungarian Empire after World War I. The Austrian government secured financial aid from the League of Nations in 1922, which led to the foundation of the Austrian Central Bank and the country's economic reconstruction. In 1923, the Austrian parliament authorised the issue of silver coins in denominations of half schilling, schilling, and double schilling. The first schilling note, with a denomination of 100 schillings, was issued two years later.

The first Austrian schilling was abolished in 1938 following Germany's annexation of Austria. At that time, the schilling was exchanged at a rate of 1.50 schillings per Reichsmark. After World War II, the schilling was reintroduced as Austria's currency, as mentioned earlier.

The Austrian schilling remained the country's currency until 1999 when the euro was introduced at a fixed parity of €1 to 13.7603 schillings. However, euro coins and notes were not introduced until 2002, and old schilling-denominated coins and notes were gradually phased out of circulation. Even today, schilling banknotes and coins that were valid at the time of the euro's introduction can be exchanged for euros at any branch of the Oesterreichische Nationalbank.

The Oesterreichische Nationalbank will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period

The Austrian Schilling was the currency of Austria from 1925 to 1938 and then again from 1945 to 1999. It was replaced by the Euro in 2002.

The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate is 1 Euro = 13.7603 Schillings.

In addition to the Schilling circulation coins, the OeNB also exchanges all silver Schilling coins issued from 1955 to 2001 at their face value (ATS 25, ATS 50, ATS 100 or ATS 500).

Please note that depending on the current silver price, Schilling silver coins may sell at higher prices at professional coin dealers.

There are also online exchange services that will exchange your Austrian Schillings for a fee.

The euro was introduced at a fixed parity of €1 = 13.7603 schillings

The Austrian Schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and it continued to be the circulating currency until 2002 when it was replaced by the Euro. The Euro was introduced at a fixed parity of €1 = 13.7603 schillings. This exchange rate was set in stone when the Euro became the official currency of Austria in 1999, and the old schilling-denominated coins and notes were phased out from circulation in 2002.

The Austrian Schilling was divided into 100 Groschen, and its stability as a currency was due to Austria's strict hard-currency policy. The Central Bank kept the value of the schilling stable by opting for a hard currency policy, which resulted in the tying of the schilling’s exchange rate to the Deutsche mark from 1976 onwards.

The Oesterreichische Nationalbank (OeNB) will still exchange unlimited amounts of schilling banknotes and coins of the last series into euros for an unlimited period. The exchange rate of €1 = 13.7603 schillings will be used, and all silver schilling coins issued from 1955 to 2001 will be exchanged at their face value.

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