2025100 Year Anniversary of the Austrian Schilling - Miniature Sheet

A currency reform introduced the Schilling to Austria on 1 March 1925, and it accompanied the population through everyday life for many decades.

Following the end of the First World War and the collapse of the monarchy, Austria experienced hyperinflation, leading to a severe devaluation of the Krone. The introduction of the Schilling as the new currency brought economic stability, and prices returned to a normal level. 10,000 Kronen could be exchanged for one Schilling, with one Schilling equalling 100 Groschen. The Schilling became one of the most stable currencies in Europe and was often referred to as the "Alpine Dollar." Since 1999, the euro has been used as book money, and since 2002, it has also been in circulation as cash, serving as the common currency of the Eurozone. The uniquely round postage stamp features a Schilling coin from 1925, with a 20-Schilling banknote in the background. In the first issue of 1925, the plural form Schillinge was still used.