Basic Data of the Austro-Hungarian Monarchy (Monarchia Osztrák-Magyar / Österreichisch-Ungarische Monarchie):

• Country ISO code: Not applicable (extinct)

• Official language: German and Hungarian (main languages for administrative, legislative, legal, monetary, and educational use)

• Language ISO codes: de (German), hu (Hungarian)

• Current official currency: Not applicable (country extinct)

• Current currency ISO code: Not applicable

Financial and Monetary History:

1. Official currency during the existence of Austria-Hungary:

• Currency name (singular): Austro-Hungarian Crown

• Currency name (plural): Austro-Hungarian Crowns

• Currency ISO code: ATS (for Austrian crown), HUF (for Hungarian crown, post-empire; during the empire it was the same unit)

• Monetary subdivision: 1 crown = 100 heller

• Subdivision name (singular): heller

• Subdivision name (plural): heller

• Initial production date: 1892 (introduction of the Austro-Hungarian crown replacing the florin)

• Final production date: 1918 (end of Austria-Hungary)

• Initial circulation date: 1892

• Final circulation date: 1918

• Mint: Mints in Vienna and Budapest

• Issuing bank: Austro-Hungarian National Bank (founded in 1878, with headquarters in Vienna and Budapest)

• Coin denominations minted: 1, 2, 5, 10, 20, 50 heller; 1, 2, 5, 10 crowns

• Banknote denominations printed: 1, 5, 10, 20, 50, 100, 1000 crowns

Economic Historical Context:

• Austria-Hungary was formed in 1867 by the Austro-Hungarian Compromise, establishing a dual monarchy with a single monarch, emperor of Austria and king of Hungary.

• The economy was predominantly rural but slowly modernized after 1867 with advances in railways, industrialization, and urbanization.

• The Austro-Hungarian National Bank was founded in 1878, governed alternately by Austrians and Hungarians.

• Gross national product per capita grew about 1.76% annually from 1870 to 1913, comparable to other European powers, although the economy lagged behind Germany and Great Britain.

• The crown currency was used throughout the monarchy, unifying the monetary system.

• Austria-Hungary faced internal financial disputes, especially over contributions to the common treasury, with Hungary increasing its financial participation over time.

• The monarchy was dissolved in 1918 after World War I, leading to the extinction of the country and replacement of the crown by national currencies in successor states.

Designs and Symbols on Coins and Banknotes:

• Coins featured imperial symbols such as the Habsburg double-headed eagle, portraits of Emperor Franz Joseph I, and other symbols of the dual monarchy.

• Banknotes bore signatures of governors of the Austro-Hungarian National Bank and images relating to the empire’s culture and economy.

Current Status:

• The Austro-Hungarian crown has been out of circulation since 1918, replaced by national currencies of the successor countries.

Monetary Legislation:

• The monetary system was regulated by the Austro-Hungarian National Bank, founded in 1878, which issued official coins and banknotes.

• The Austro-Hungarian Compromise of 1867 established the political and financial structure of the dual monarchy.

Curiosities:

• Austria-Hungary was the third largest manufacturer and exporter worldwide of electrical household and industrial appliances in the early 20th century.

• The crown replaced the florin in 1892, marking an important monetary reform.

• The monarchy’s economy showed regional disparities, with the west more developed than the east.

Reason and History of Extinction:

• Austria-Hungary was extinguished in 1918 at the end of World War I due to military defeats, internal ethnic tensions, and nationalist movements leading to the empire’s dissolution into independent states.

Mints / Production Locations:

• Vienna and Budapest were the main locations for coin and banknote production.

Issuing Authority:

• Austro-Hungarian National Bank, headquartered in Vienna and Budapest, governed alternately by Austrian and Hungarian authorities.

Signatories on Banknotes:

• Governors and vice-governors of the Austro-Hungarian National Bank, alternately Austrian and Hungarian.

Persons Honored on Coins and Banknotes:

• Emperor Franz Joseph I, other members of the Habsburg family, imperial and cultural symbols of the dual monarchy.

Summary Table:

This report presents the complete financial history of the Austro-Hungarian Monarchy, including all currencies in circulation during its existence until its extinction in 1918.