Austria Hyperinflation Banknotes

invisible

invisible

500,000 Kronen 1922

Front

Back

This note is not in my collection. Scans courtesy of Johann Kodnar.

Back to Hyperinflation Banknotes

Austria became a republic when the Austria-Hungarian empire was dissolved after World War I. It was hit by the same post-war hyperinflation that was rampaging in neighboring Germany. The highest denomination before 1918 was 10 Kronen. By 1922, it was 5,000,000 Kronen. In the 1924 currency reform, 1 Shilling was exchanged for 10,000 Kronen.

invisible

Top of Page

invisible