Basic Country Data:

• Country ISO Code: AT

• Official Language: German

• Language ISO Code: de

• Current Official Currency: Euro

• Current Currency ISO Code: EUR

Complete Financial History of Austria:

1. Current Official Currency: Euro (EUR)

• ISO Code: EUR

• Singular Name: Euro

• Plural Name: Euro

• Monetary Subdivision: 1 Euro = 100 cents

• Subdivision Name Singular: cent

• Subdivision Name Plural: cents

• Initial Production Date: 1999 (electronic money), 2002 (physical cash)

• Initial Circulation Date: 2002

• Final Production Date: ongoing

• Final Circulation Date: currently in circulation

• Mint: Various European mints including Staatliche Münze Wien

• Issuing Bank: European Central Bank (ECB)

• Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 and 2 euros

• Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros (500-euro note discontinued since 2019)

• Designs / Symbols:

  • Coins feature European architectural styles and the Austrian federal eagle on the national side.

  • Banknotes depict bridges, gateways, and windows from various European architectural styles, with no real persons.

• Current Circulation Status: active currency, valid in Austria and 18 other Eurozone countries

• Relevant Legislation: European Union treaties, ECB regulations

• Signatories on Banknotes: President and Vice-President of the ECB

2. Historical Currencies of Austria

a) Austrian Schilling (ATS)

• ISO Code: ATS

• Singular Name: Schilling

• Plural Name: Schilling

• Monetary Subdivision: 1 Schilling = 100 Groschen

• Initial Production Date: 1925

• Final Production Date: 2002

• Initial Circulation Date: 1925

• Final Circulation Date: 2002 (officially valid until February 28, 2002)

• Mint: State mints in Vienna, Munich, Stuttgart

• Issuing Bank: Oesterreichische Nationalbank

• Coin Denominations: 1, 2, 5, 10, 50 Groschen; ½, 1, 2, 5 Schilling

• Banknote Denominations: 5, 10, 20, 50, 100, 200, 500, 1000 Schilling

• Designs / Symbols:

  • Coins with federal eagle, nominal values, and national symbols.

  • Banknotes featuring portraits of famous Austrian personalities such as Mozart and Schubert.

• Status: out of circulation since 2002, but exchangeable indefinitely at the Austrian National Bank

• Historical Context:

  • Introduced in 1925 to stabilize the economy after hyperinflation of the Austrian crown.

  • Between 1938 and 1945, replaced by the Reichsmark during the Anschluss.

  • Reintroduced after 1945 until the adoption of the euro.

b) Austrian Crown (1892–1925)

• Monetary Subdivision: 1 Crown = 100 Heller

• Replaced by the Schilling in 1925 due to post-WWI devaluation.

c) Gulden (1858–1892)

• Monetary Subdivision: 1 Gulden = 100 Kreuzer

• Preceded the Crown, used in the Austro-Hungarian Empire.

3. Mints / Production Locations

• State mints in Vienna, Munich, Stuttgart, Hamburg, Karlsruhe, among others

• European mints for euro coins (Paris, Rome, Madrid, etc.)

4. Curiosities and Commemorative Coins

• Austria issues commemorative coins in silver and gold, such as 10-euro silver series

• The national side of Austrian euro coins varies by year and series

5. Signatories on Banknotes

• Schilling: Presidents of the Oesterreichische Nationalbank

• Euro: President and Vice-President of the European Central Bank

This report presents a comprehensive overview of Austria’s monetary history, from the introduction of the Gulden to the euro, including major coin and banknote denominations, mints, historical contexts, legal frameworks, and commemorative issues.