This is what the Schilling Exchange looks like

The number of unexchanged Schillings has only marginally decreased compared to the previous year. At the end of November 2024, there were still 6.822 billion of the old currency (494.5 million Euros), and this year at the same time, there were still 6.805 billion Schillings found in forgotten hiding places and the like. From December 1, 2024, to November 30, 2025, 17.4 million Schillings were exchanged into 1.26 million Euros, according to an APA inquiry at the Austrian National Bank (OeNB).

Thousands of 20-Schilling Notes

Converted, the outstanding Schilling amount decreased within a year from 495.8 to 494.5 million Euros. The most frequently exchanged banknotes were the 20-Schilling note featuring the artist Moritz M. Daffinger, with over 25,000 pieces. Following that was the old hundred with Eugen Böhm von Bawerk - economist and fittingly founder of the Austrian capital theory - with over 20,000 pieces.

The most frequently exchanged coins in terms of quantity were the ten-groschen coins. A total of 928,987 pieces of 10-groschen coins were returned. Following that were 788,430 pieces of 1-Schilling coins.

"The most common finds were also made this year during apartment clearances," said the National Bank to the APA. But travelers who manage to make it back to Austria also frequently bring back Schilling banknotes and coins. A remarkable find, according to the OeNB, was skirting boards in an apartment that was being renovated. Behind these were hidden a few exchangeable Schilling banknotes.

History of the Schilling

100 years ago, on March 1, 1925, the Schilling was introduced as the official currency of the First Republic. Subsequently, and especially after its reintroduction in 1945, the Schilling became the epitome of a hard and stable currency and a symbol of the successful Second Republic. It shaped Austria's economic boom and enabled entry into the European Monetary Union. Since 2002, the Euro has been used, which was book money from 1999.

Schilling banknotes of the last series can be exchanged indefinitely at the National Bank for Euros. 13.7603 Schillings are worth one Euro.

(APA/Red)

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