This listing is for the photographed 1986 Austria National Bank 20 Shillings Note. This note was issued on October 1st, 1986. Obverse of this note has a portrait of renowned 19th century painter Motriz M. Daffinger on the right end. Reverse shows the Albertina Musuem at the center. Very Fine (VF) grade / condition. Excellent piece of history, great addition to any collection! P#148 (Pick Number 148).
After World War II, Austria faced significant economic challenges, including hyperinflation and the need for reconstruction. The Austrian National Bank (Oesterreichische Nationalbank, or OeNB) resumed its role as the central bank after the war, taking responsibility for stabilizing the currency and issuing banknotes. In 1947, the Austrian government carried out a currency reform to address hyperinflation and stabilize the economy, introducing the "new shilling" as the primary Austrian currency. In the post-war decades, the Austrian National Bank issued a series of banknotes with improved designs and security features. The themes of the banknotes reflected Austria's rich cultural and historical heritage, featuring prominent figures such as Mozart, Empress Maria Theresa, and Sigmund Freud, as well as architectural landmarks. Austria joined the European Union in 1995 and became a founding member of the Eurozone in 1999. The Austrian National Bank ceased issuing Schilling banknotes as Austria adopted the euro as its official currency.
Beautifully designed note, excellent piece of Austrian economic history!
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1986 Austria 20 Shillings Note - Daffinger / Albertina Issue - VF Grade - 1986 Austrian National Bank Twenty Shilling Note - P#148