!!!Silberwährung

Silver Currency, currency based on silver coins as the only legal 
means of payment or as backing of the money in circulation, while the 
fractional currency is made up of low-value, base-metal coins. Existed 
in Germany and Austria during the whole Middle Ages and in the modern 
age; gold was used as parallel currency for a long time (= coin 
possessing face value). A pure silver currency was not introduced in 
Austria until 1858, when the Gulden became the Austrian currency 
(1 Gulden = 100 Kreuzer); in 1892 the silver currency was 
replaced by the gold currency (1 Krone = 100 Heller).


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[Back to the Austrian Version|AEIOU/Silberwährung|class='wikipage austrian']
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