Definition

Noun: - A former monetary unit of Austria: The Austrian schilling was the official currency of Austria before the country adopted the euro. It was subdivided into 100 groschen.

Usage Examples

• Noun:
  • Prices in Vienna were listed in both euros and the old austrian schilling for several years after the changeover.
  • He found a collection of coins that included several austrian schilling notes.

Advanced Usage

• Historical and economic context: The term is primarily used in historical, financial, or numismatic (coin-collecting) contexts to discuss Austria's pre-economy.
  • The stability of the austrian schilling was a point of national pride before European monetary union.

Variants and Related Words

• Schilling: The core unit. Often used interchangeably with "austrian schilling" when the context is clear, though "schilling" can also refer to the former currency of other countries like Kenya.
• ÖS: A common written abbreviation for the Austrian schilling, derived from the German "Österreichischer Schilling".
• ATS: The official ISO 4217 currency code for the Austrian schilling.

Synonyms

• Former Austrian currency: A descriptive synonym.
• ATS: The technical code synonym used in banking and finance.

Related Phrases

• Schilling coin/banknote: Refers to the physical manifestation of the currency.
  • The museum exhibit featured a beautiful 500 austrian schilling banknote from the 1960s.

Noun

1. formerly the basic unit of money in Austria