The schilling was the currency

Currency

In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...

 of Austria

Austria

Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...

 from 1924 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 groschen

Groschen

Groschen was the name for a coin used in various German-speaking states as well as some non-German-speaking countries of Central Europe , the Danubian principalities...

.
The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of December 20, 1924 at a rate of 1 schilling to 10,000 Austro-Hungarian Kronen

Austro-Hungarian krone

The Krone or korona was the official currency of the Austro-Hungarian Empire from 1892 until the dissolution of the empire in 1918...

 and issued on March 1, 1925.