Talk:Austro-Hungarian krone
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[edit] 1000 Kronen
The 'banknotes' page shows the two sides of the 1000 Kronen banknote, one Hungarian and one Austrian, however I have on several occasions seen banknotes with both sides in German, usually stamped with 'Deutschösterreich", and I've seen ones with a completely different pattern on the back (on top half: two close-up's of the front-side's woman's face on both sides with the words "1000 TAUSEND 1000" in a decorative pattern in the middle, bottom half is four decorative triangles and the number 1000 in centre). What do we make of these? Were they official, were they issued before, during or after the war? Fakes? Should we include a note? Overall I think the 'banknotes' page could use some more expert attention. +Hexagon1 (t) 07:34, 17 February 2008 (UTC)
- The banknotes you mentioned (respectively Pick Austria P-59, P-60 and P-61, the latter is the second edition of P-60, see here) were issued by the Austro-Hungarian Bank after the war and were legal tender only on the territory of Deutschösterreich (today's Austria), thus they are not Austro-Hungarian Banknotes. They should be included in the to be created Austrian Krone article. Timur lenk (talk) 16:21, 19 February 2008 (UTC)
- Even though they were valid only in German Austria doesn't mean they were a new currency, they still had equal exchange rate with all the others and were simply territorialised AuH banknotes and weren't affected by the overstamping state's fiscal policies. (As I understand it anyway, I'm probably wrong though) +Hexagon1 (t) 04:08, 20 February 2008 (UTC)
- "they still had equal exchange rate with all the others" - this statement is not true. After the world war the dissolution of the A-H Monarchy started immediately and the A-H Bank lose control over the monetary (not to mention fiscal) policy outside Deutschösterreich. The overstamped banknotes became new currencies, their validity was limited to the overstamping country's territory, their exchange was limited and they did not have equal value. Overstamping did not happen at the same time in the different parts of the ex-Monarchy, and after a period un-overstamped banknotes were not accepted in general circulation nor for overstamping. This meant that un-overstamped banknotes flew to the country which had overstamped its banknotes last - in the case, Hungary. This hit Hungary's economy substantionally, the influx of the common currency and the efflux of goods caused much more severe inflation and economic crisis than anywhere else. It is obvious that the interest of the newborn states was to limit the circulation of the money as soon as possible to avoid such effect.
- Parallel to this, when Czechoslovakia splitted, overstamped banknotes were used until the introduction of the new Czech and Slovak banknotes. However, the circulation of overstamped banknotes was territorially limited, and the 1:1 exchange rate of the two korunas started to change immediately. Timur lenk (talk) 11:31, 23 February 2008 (UTC)
- Even though they were valid only in German Austria doesn't mean they were a new currency, they still had equal exchange rate with all the others and were simply territorialised AuH banknotes and weren't affected by the overstamping state's fiscal policies. (As I understand it anyway, I'm probably wrong though) +Hexagon1 (t) 04:08, 20 February 2008 (UTC)
