Coinage ordinance ["Kaiserlich-königliche Hauptmünzamtsinstruktion"] on the introduction of the Guilder as new base coin for Austria and the Habsburg Crown Lands; effective immediately
21.09.1753
Bavarian-Austrian Coinage Convention, aligned the coinages of the two countries; effective 07.10.1753 - The silver coinage in the 1750/1753 standard is referred to as "Convention" standard.
around 1765
Start of paper money issuance by the Vienna City Bank (so-called "Vienna currency"). - The Vienna City Bank ("Wiener Stadt-Banco") had obtained the imperial charter on 24.12.1705 and opened for business on 01.04.1706.
20.02.1811
1st devaluation of paper money: the notes ("Bankozettel") of the Vienna City Bank were reduced to 20% of face value and exchanged for government paper money ("Einlösungsscheine"): 100 Guilders ("Bankozettel") = 20 Guilders ("Einlösungsscheine").
around 1813
Start of additional government paper money issuance ("Antizipationsscheine") for the financing of the Napoleonic wars
01.06.1816
Imperial charter for the Austrian National Note Bank ("Österreichische National-Zettelbank") to take over business from the default Vienna City Bank; effective upon (provisional) constitution on 01.07.1816. - 15.07.1817: Extension of the charter to allow unlimited paper money issuance; effective immediately - 19.01.1818: Reconstitution and name change into Chartered Austrian National Bank ("Privilegierte Österreichische Nationalbank").
01.07.1816
2nd devaluation of paper money: the government paper money was withdrawn and partly redeemed and partly converted into state bonds at a rate of 140 Guilders (paper money) = 40 Guilders (silver coins) + 100 Guilders (state bonds).
29.04.1852
Ordinance on the change of fineness of the thaler coins from 0.833 to 0.900; effective immediately
Valuation Regimes
1750-1858
Metallic currency based on circulating silver coins, additional gold coins without fixed rate against silver. Base weight was the Cologne mark / 16 lots / 18 grains at 233.856 grams (since 01.07.1771 also Vienna mark at 280.668 grams).
Rate Arrangements
07.11.1750
Metallic
Guilder: 11'692.78mg AG fine; Gold bullion "Ducat": 3'441.90mg AU fine
20 Convention Guilders (10 Convention Thalers) to the Cologne mark of fine silver; 67 Ducats to the Cologne mark of 23⅔-carats gold
Time Period: 1858-1892
Currency: 2nd Austrian (Austro-Hungarian) Guilder
Transition
105 : 100
Sub-units
Guilder / 100 (New) Kreuzer
ISO4217
none
Timeline
24.01.1857
Treaty [Vienna Coinage Convention, "Wiener Münzverein"], linked the Northern German, Southern German and Austrian monetary areas; effective 01.05.1857
19.09.1857
Imperial decree [No. 169, "Kaiserliches Patent"] on the issuance of coins in the standard of the Vienna Convention; effective 01.11.1857
27.04.1858
Imperial decree [No. 63, "Kaiserliches Patent"] on the currency transition; effective 01.05.1858.
01.05.1858
Start of currency exchange: - 01.05.1858: Start of issuance of the new coinage - 31.10.1858: Demonetization of the former currency.
13.06.1867
Dissolution of the Vienna Coinage Convention; effective 01.01.1868
09.03.1870
Law [No. 22] on the issuance of gold coins in the standard of the Latin Monetary Union (LMU); effective immediately. - The planned accession to the LMU was never realized, but the gold coins circulated as bullion until the 20th century.
27.06.1878
Law [No. 66] on the creation of the Austro-Hungarian Bank (out of the Chartered Austrian National Bank); effective upon constitution of the bank on 30.09.1878
Valuation Regimes
1858-1892
Metallic currency based on circulating silver coins, additional gold coins without fixed rate against silver. Base weight was the metric pound ("Zollpfund") at 500 grams.
Rate Arrangements
01.05.1858
Metallic
Guilder: 11'111.11mg AG fine; Gold bullion "Crown": 10'000.00mg AU fine
45 Guilders to the metric pound of fine silver; 50 Crowns ("Vereinskronen") to the metric pound of fine gold
09.03.1870
Metallic
Guilder: 11'111.11mg AG fine; Gold bullion "Gold Guilder": 725.81mg AU fine
45 Guilders to the metric pound of fine silver; 620 Gold Guilders to the metric pound of 0.900 gold 0.900 (Gold Guilder = 2½ French Gold Francs)
Time Period: 1892-1918
Currency: Austro-Hungarian Crown
Transition
2 : 1
Sub-units
Crown / 100 Heller
ISO4217
none
Timeline
02.08.1892
Law [No. 126] on the adoption of the gold standard; effective 11.08.1892
11.08.1892
Start of currency exchange: - 11.08.1892: Start of issuance of the new banknotes and coins - 21.09.1899: Decree to demonetize the former coinage (the silver Guilders remained tolerated as 2 Crowns until 1924); effective 31.12.1899
Valuation Regimes
1892-1918
Metallic currency based on circulating gold coins.