What currency did Austria use?

The Austrian schilling was the pre-euro currency used by Austria between 1925 and 1938, and then again from 1945 until 2002. After Germany annexed Austria in 1938, the German Reichsmark replaced the schilling at a rate of two Reichsmarks to three schillings.

When did the Euro become a currency?

The conceptualization of the euro began in the late 1970s, sparked by the desire for a European response to the dominance of the U.S. dollar. German Chancellor Helmut Schmidt and French President Valéry Giscard d’Estaing played pivotal roles in this development.

What currency did Germany use before the Euro?

When most people think of the currency used in Germany before the Euro, the Deutschmark is likely the first thing that comes to mind. This currency was in use from 1948 until 2002 when it was replaced by the Euro. It was a symbol of Germany’s post- World War II economic recovery and became a widely recognized currency worldwide.