The Schilling was the currency of Austria until the Euro exchange in 2002. The rate is one Euro for 13.7603 Schillings.
The "Schilling" was divided into 100 Groschen.
Originally launched in 1924 at a rate of 1 schilling to 10,000 Austro-Hungarian kronen, the Schilling was abolished in the wake of the Anschluss (1938), when it was exchanged at a rate of 1 Reichsmark to 1.5 Schillings, and reintroduced after WWII on November 30, 1945 by the Second Austrian Republic. 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, with the Schilling being tied to the U.S. Dollar at a rate of $1 = 26 Schillings. Following the breakdown of the Bretton Woods Agreement in 1971, the Schilling was initially tied to a basket of currencies, before in 1976 the Schilling was coupled to the Deutsche Mark.
Euro coins and notes were introduced in 2002, the old Schilling being phased out from circulation on 28 February of that year. Schilling banknotes and coins will remain exchangeable for euros at the Austrian National Bank (Österreichische Nationalbank) indefinitely.
At the time of the changeover to the Euro, coins in circulation were[1] (http://www.austrian-mint.com/e/hartgdmen.html)
Banknotes in circulation were[2] (http://www.oenb.at/en/ueber_die_oenb/geldmuseum/oesterr_geldgeschichte/schilling/from_the_schilling_to_the_euro.jsp)
20 Schillings (1.45 Euro)
50 Schillings (3.63 Euros)
100 Schillings (7.27 Euros)
500 Schillings (36.34 Euros)
1000 Schillings (72.67 Euros)
5000 Schillings (363.36 Euros)
External links
Österreichische Nationalbank (in English) (http://www.oenb.at/en/welcome_to_the_oenb.jsp)
Österreichische Nationalbank (http://www.oenb.at/) (in German).
ÖNB Money Museum - "From the Schilling to the Euro" (http://www.oenb.at/en/ueber_die_oenb/geldmuseum/oesterr_geldgeschichte/schilling/from_the_schilling_to_the_euro.jsp)
Schilling began his professional career as a prospect in the Boston farm system, but was traded to the Baltimore Orioles in 1988 for Mike Boddicker.
Schilling was one of the key factors in the Phillies' pennant run in 1993.
Schilling was once again runner-up in Cy Young voting in 2004, this time to Minnesota Twins hurler Johan Santana, who received all 28 first-place votes.
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.
Schillingbanknotes 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.
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