Austrian krone
Encyclopedia
The Krone was the currency of Austria
(then called Deutschösterreich) and Liechtenstein
after the dissolution of the Austro-Hungarian Empire (1919) until the introduction of the Schilling
(1925) and the Franken
, respectively.
counterparts.
To ease the introduction of the new currency, 100, 200 and 1000 Krone coins were minted right before 1925 with the same parameters as the equivalent Groschen coins (1, 2 and 10 Groschen) that replaced them.
To fulfil the first step, circulating banknotes were overstamped with the inscription DEUTSCHÖSTERREICH, and new banknotes were also issued with this feature. Later, still under the name Oesterreichisch-ungarische Bank, banknotes were printed using the German-language clichés on both sides - and still bearing the DEUTSCHÖSTERREICH inscription. From 1920 on a new stamp appeared on banknotes: "Ausgegeben nach dem 4. Oktober 1920".
In 1922 a new series of Krone banknotes was introduced with a completely new design to fulfil the second step. The series contained 1 Krone, 2, 10, 20, 100, 1000, 5000, 50 000, 100 000 and 500 000 Kronen, later 10 000 Kronen (1 000 000 Kronen was planned but not issued).
In 1925, as the third step, the new Schilling banknotes were emitted.
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
(then called Deutschösterreich) and Liechtenstein
Liechtenstein
The Principality of Liechtenstein is a doubly landlocked alpine country in Central Europe, bordered by Switzerland to the west and south and by Austria to the east. Its area is just over , and it has an estimated population of 35,000. Its capital is Vaduz. The biggest town is Schaan...
after the dissolution of the Austro-Hungarian Empire (1919) until the introduction of the Schilling
Austrian schilling
The schilling was the currency of Austria from 1924 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it...
(1925) and the Franken
Swiss franc
The franc is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. Although not formally legal tender in the German exclave Büsingen , it is in wide daily use there...
, respectively.
Coins
Coins included 20 and 100 Krone gold coins minted with the same standard as their Austro-Hungarian KroneAustro-Hungarian krone
The Krone or korona was the official currency of the Austro-Hungarian Empire from 1892 until the dissolution of the empire in 1918...
counterparts.
To ease the introduction of the new currency, 100, 200 and 1000 Krone coins were minted right before 1925 with the same parameters as the equivalent Groschen coins (1, 2 and 10 Groschen) that replaced them.
Paper money
According to the Treaty of St. Germain the newly created Republic of Austria had to overstamp the paper money circulating in its territory, then had to replace the overstamped banknotes with new ones, finally had to introduce a new currency.To fulfil the first step, circulating banknotes were overstamped with the inscription DEUTSCHÖSTERREICH, and new banknotes were also issued with this feature. Later, still under the name Oesterreichisch-ungarische Bank, banknotes were printed using the German-language clichés on both sides - and still bearing the DEUTSCHÖSTERREICH inscription. From 1920 on a new stamp appeared on banknotes: "Ausgegeben nach dem 4. Oktober 1920".
In 1922 a new series of Krone banknotes was introduced with a completely new design to fulfil the second step. The series contained 1 Krone, 2, 10, 20, 100, 1000, 5000, 50 000, 100 000 and 500 000 Kronen, later 10 000 Kronen (1 000 000 Kronen was planned but not issued).
In 1925, as the third step, the new Schilling banknotes were emitted.