Schilling

Originally launched in the early 1920s, the Schilling was abolished in the wake of the Anschluss (1938) and reintroduced after WWII on November 30, 1945. 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.

In 1980 the Schilling was coupled to the "Deutsche Mark". The "Schilling" is divided into 100 Groschen. It was worth approximately 5 pence in the British coinage system.