Oesterreichische Nationalbank
Skip slideGovernor's Corner
Insights from Governor Martin Kocher on current economic and monetary policy developments
Under the Single Euro Payments Area (SEPA), euro transfers generally take no more than one business day. Since 2025, instant payments have also made it possible to transfer money within seconds.
Learn more about payments.
Learn moreBefore the introduction of the euro, Austria’s currency was the schilling. Between 1892 and 1925, the country used the Austrian crowns.
Learn more about the history of money.
Learn moreEuro banknotes are mode from pure cotton fibre, giving them their distinctive crisp and durable feel. This special material makes them particularly robust and long-lasting. Even an accidental trip through the washing machine is usually no problem.
Learn more about how euro banknotes are produced.
Learn moreDamaged euro banknotes can be exchanged at the OeNB if:
- more than 50% of the banknote is presented. or
- 50% or less is presented and it can be proven that the missing parts have been destroyed.
Banknotes that have been deliberately damaged are not exchanged and are retained without compensation.
Learn more about exchanging damaged euro banknotes.
Under the Single Euro Payments Area (SEPA), euro transfers generally take no more than one business day. Since 2025, instant payments have also made it possible to transfer money within seconds.
Learn more about payments.
Learn moreBefore the introduction of the euro, Austria’s currency was the schilling. Between 1892 and 1925, the country used the Austrian crowns.
Learn more about the history of money.
Learn moreEuro banknotes are mode from pure cotton fibre, giving them their distinctive crisp and durable feel. This special material makes them particularly robust and long-lasting. Even an accidental trip through the washing machine is usually no problem.
Learn more about how euro banknotes are produced.
Learn moreDamaged euro banknotes can be exchanged at the OeNB if:
- more than 50% of the banknote is presented. or
- 50% or less is presented and it can be proven that the missing parts have been destroyed.
Banknotes that have been deliberately damaged are not exchanged and are retained without compensation.
Learn more about exchanging damaged euro banknotes.