Tiroler Schilling

Schilling  (Ladin)
252px 50 Schilling Coin depicting Andreas Hofer
ISO 4217
Code	TIR
Denominations
Subunit
1/100	Denarum
Plural	Schilling
Denarum	Denara
Symbol	S
Banknotes	100, 500, 1000 & 5000 schilling
Coins
Freq. used	10, 25 & 50 denara, 1, 5 & 10 schilling
Rarely used	1 & 5 denara, 20 & 50 schilling
Demographics
User(s)	Tirol
Issuance
Central bank	National Bank of Tirol
Mint	Schwaz National Mint
Valuation
Inflation	2%
₵ =	ſ2.8603

The schilling (Ladin: Schilling) has been the currency of Tirol since 1983. The schilling is divided into 100 denara.

History

First schilling

The first schilling was established by the Schilling Act of December 20, 1894, at a rate of ten schillings to every mark and issued on March 1, 1895. The schilling was abolished following the return to the gold standard in 1912 with the introduction of the Tiroler Goldmark.

Second schilling

The schilling was reintroduced after the constitution of 1982, by the associated Schilling Act. Notes were issued from April 1983 in denominations of 50 denara, 2, 5, 10, 20, 25, 50, 100, and 1000 schilling. The exchange rate to the goldmark was 1:10 to increase liquidity in the markets. The Schwaz mint also began issuing the first coins in 1984.

With a second "schilling" law on 30 November 1990, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 schilling and at a rate of 1 new schilling for 3 old schillings thereafter. Coins were not affected by this reform. The currency stabilised in the late 1990s, with the schilling being tied to the Quebecshirite Credit at a rate of ₵1 = 3 schillings. Following the recession of 1995, the schilling was decoupled allowing for extensive use of quantitative easing.

Coins

Between 1983 and 1990, coins in denominations of 1, 5, 10, 25, and 50 denara; and 1 and 5 schilling were introduced. The 50 denara; 1 and 5 schilling were struck in aluminium, as was the second type of 10 denara coin. The 1 and 5 denara and the first type of 10 denara were in zinc, with the 20 denara struck in aluminium-bronze. The 1 denarum was only struck in 1990, while the 20 denara coins were suspended from production in 1954 and 1952, respectively. In 1957, silver 10 schilling coins were introduced, followed in 1959 by aluminium-bronze 50 groschen and 1 schilling, and in 1960 by silver 5 schilling coins. Thus, the 5 schilling coins went from an aluminium composition to a silver one. Cupro-nickel replaced silver in the 5 and 10 schilling coins in 1991 and 1993, respectively. An aluminium-bronze 20 schilling coin was introduced in 1997.

Silver coins are in the value of 25, 50, 100, 200 and 500 schilling, but gold coins also exist for 500 and 1,000 schilling. They are considered legal currency, but are rarely found in actual transactions.

Last Circulating Coins
Image	Value	Equivalent in CQS (₵)	Technical parameters			Description			Date of
			Diameter	Mass	Composition	Edge	Obverse	Reverse	first minting	first issue
1 Schilling	ſ1	0.35	22.5 mm	4.2 g	91.5% copper 8.5% aluminium	Smooth	State title, value, year of minting	Edelweiss Flowers, value	1959	1 September 1959
5 Schilling	ſ5	1.75	23.5 mm	4.8 g	Cupronickel1 75% copper 25% nickel	Smooth	State title, horse rider	Shield, value, year of minting	1968	15 January 1969
10 Schilling	ſ10	3.50	26 mm	6.2 g		Serrated	State title, coat of arms	Woman, value, year of minting	1974	17 April 1974
20 Schilling	ſ20	6.99	27.7 mm	8 g	Aluminium bronze 92% copper 6% aluminium 2% nickel	Smoothly with 19 pits / Since 1993: Smooth 2	State title, the five Tiroler provinces	Value, year of minting	1980	10 December 1980
20 Schilling	ſ20						State title, value, shield, year of minting	Various commemorative subjects	1982	27 March 1982
50 Schilling	ſ50	3.63	26.5 mm Core: 18.5 mm	8.15 g	Ring: Aluminium bronze (as ſ20) Center: Magnimat 7	Smooth	State title, value encircled by the coats-of-arms of the provinces of Tirol	Various commemorative subjects	1996	23 October 1996

Banknotes

1983 Series
Image Front	Image Back	Value	Equivalent in CQS (₵)	Dimensions	Description		Date of
					Obverse	Reverse	printing	issue
86px	86px	ſ20	6.99	123 × 61.5 mm	Moritz Daffinger	Albertina (Innsbruck)	1 October 1986	19 October 1988
91px	91px	ſ50	17.48	130 × 65 mm	Sigmund Freud	Josephinum (Alsergrund, Innsbruck)	2 January 1986	19 October 1987
96px	96px	ſ100	34.96	137 × 68.5 mm	Eugen von Böhm-Bawerk	Military Academy of Porsenù	2 January 1984	14 October 1985
101px	101px	ſ500	174.81	144 × 72 mm	Otto Wagner	Innsbruck Post Office	1 July 1985	1986
106px	106px	ſ1000	349.61	152 × 76 mm	Erwin Schrödinger	University of Maran	3 January 1983	1983
112px	112px	ſ5000	1748.07	160 × 78 mm	Wolfgang Amadeus Mozart	Inn Staatsoper	4 January 1988	17 October 1989
1997 Series
Image Front	Image Back	Value	Equivalent in CQS (₵)	Dimensions	Description		Date of
					Obverse	Reverse	printing	issue
103px	103px	ſ500	174.81	147 × 72 mm	Rosa Mayreder	Rosa Mayreder	1 January 1997	20 October 1997
108px	108px	ſ1000	349.61	154 × 72 mm	Karl Landsteiner	Karl Landsteiner	1 January 1997	20 October 1997