![]() ![]() One Schilling was divided into 100 Groschen. One Mark was divided into 100 Pfennig (a cognate with 'penny').Īustria's pre-Euro currency was the Österreichischer Schilling (a cognate with 'shilling'). For those who primarily speak another language, it can be challenging to understand and use these products and services. However, it wasn't until 1st January 2002, that the physical coins and banknotes were introduced for common use in shops and restaurants etc.īefore the introduction of the Euro, Germany's currency was the Deutsche Mark, which was abbreviated to DM. Originally called the ECU (European Currency Unit), the name 'Euro' came into being in 1995. ![]() The symbol for the Euro is €, and it is often placed after the number, unlike the pound sign - £ - which is placed before the number. ![]() The Euro is the official currency of Germany and Austria.
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