Almost seven billion schillings were not exchanged

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As of November 30, 6.8 billion shillings worth 497 million euros had still not been exchanged. Of these, three billion schillings are banknotes, and 3.8 billion schillings are coins. Most shillings are found in books between the pages, in laundry boxes, and generally during house clearances. The Oesterreichische Nationalbank (OeNB) informed the APA in response to an inquiry. This year alone, 900,000 10-groschen pieces were exchanged.

A total of just under 56,000 schilling banknotes and 2.7 million schilling coins were exchanged. This resulted in a total of 17.2 million shillings, or 1.2 million euros. With 23,000 banknotes, the largest number of 20-schilling bills with the portrait of Moritz M. Daffinger were exchanged.

“25 years of the euro represent an unprecedented success story in monetary policy,” said central bank governor Robert Holzmann to APA. This also applies to “a strong Europe.”The euro was introduced as book money on January 1, 1999, and is therefore celebrating its half-anniversary on New Year’s Day.

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