The basic monetary unit of Austria (until replaced by the euro), equal to 100 groschen.
- After hyperinflation, Austria introduces the schilling.
- Austria's basic unit of currency is the schilling.
- With central banks aiming to peg the Austrian schilling and the Dutch guilder to the Deutsche mark, the nominal exchange rates (defined as local currency/foreign currency) against the mark should have been stable.
From German Schilling; compare with shilling.
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