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The Austrian coins were minted in Vienna, and came in face values of 1, 2, 10, and 20 heller; and 1, 2, 5, 10, 20, and 100 kronen. The Austrian 100-krone coin is still being minted, with a 1915 mint mark to enable Austrians to take advantage of a grandfather clause in the law regarding private ownership of gold bullion.
The krone (alternatively crown; German: Krone, Hungarian: korona, Italian: corona, Polish: korona, Slovene: krona, Serbo-Croatian: kruna, Czech: koruna, Slovak: koruna, Romanian: coroană, Ukrainian: корона) was the official currency of Austria-Hungary from 1892 (when it replaced the gulden as part of the adoption of the gold standard) until the dissolution of the empire in 1918.
The series contained 1 Krone, 2, 10, 20, 100, 1000, 5000, 50 000, 100 000 and 500 000 Kronen, later 10 000 Kronen (1 000 000 Kronen was planned but not issued). In 1923 the League of Nations Financial Committee, with support from the Bank of England under Montagu Norman , provided a loan to allow Austria to stabilize the krone against the U.S ...
Austria: Austrian krone: 1918–1925 Replaced by Austrian schilling. Austrian Netherlands: Austrian Netherlands kronenthaler: 1755–1794 Replaced by the French franc Austria-Hungary: Austro-Hungarian krone: 1892–1918 Replaced by Austrian krone and Hungarian korona. Protectorate of Bohemia and Moravia: Bohemian and Moravian koruna: 1939–1945
Paper money of the Austro-Hungarian krone appeared in the beginning of the 20th century - almost ten years after the coins were introduced. All banknotes were bilingual (German and Hungarian), and the value was indicated in eight other languages (Czech, Polish, Croatian, Slovene, Serbian, Italian, Ruthenen (Ukrainian) [Notes 1] and Romanian).
Austria-Hungary also decimalized at the same time, resulting in a new currency system of 100 kreuzer = 1 gulden and 1 + 1 ⁄ 2 gulden = 1 Vereinsthaler. [4] In 1892 the Austro-Hungarian gulden was replaced by the krone, with each krone containing 100 ⁄ 328 grams of gold, at a rate of 1 gulden = 2 kronen (gold–silver ratio 18.2).
Liechtenstein used the Austrian krone and heller (and the Liechtenstein krone) until 1920, [2] and switched to the Swiss franc due to the krone's instability. Liechtenstein coins are so rare that they do not actually circulate, and no banknotes have been issued, with the exception of three emergency issues of heller in 1920. [ 3 ]
Faroese króna – Faroe Islands (not an independent currency, equivalent to Danish krone) Icelandic króna – Iceland; Krona – Sweden; Krone Austro-Hungarian krone – Austria-Hungary; Danish krone – Denmark, Greenland; Liechtenstein krone – Liechtenstein; Norwegian krone – Norway; Yugoslav krone – Yugoslavia; Kronenthaler