Examples and explanations of the money system used in Austria?

Question

How the money system is used in Austria.

Be sure to give examples and explanations.

Answer 1

Sorry if my answer isn´t perfect but I have a little problem with your question. Okay we have in Austria the euro as currency like in the same European union. We have 500, 200, 100, 50, 20, 10 and 5 Euro banknotes. And 2, 1, 0.50, 0.20, 0.10, 0.05, 0.02, 0.01 cent coins.

Answer 2

Austria is a member of the European monetary union. So the Austrian currency is Euro and (Euro) Cents.

1 EUR = 1.29610 USD or 0,656518 GBP

There are bills from 5 to 500 and coins from 1c to 2 €

Answer 3

You have plenty of answers about the Euro already, however, before the Euro we had Schillinge and Groschen. There are a bit more than 13 Schillinge to a Euro, and 100 Groschen to a Schilling.

During the second World War Austria had the Reichsmarken.

Before that, there were Kronen, and Taler, though I'm not quite sure, if that was directly before the Second World War. Sorry. (did you know, by the way, that the U.S. dollar traces back to the Austrian Taler and the Mexican Pesos?)