| Austro-hungarian Gulden |
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With the introduction of the Conventionsthaler in 1754, the Gulden was defined as half a Conventionsthaler, equivalent to 1/20 of a Cologne Mark of Silver and subdivided into 60 Kreuzer . The Gulden became the standard unit of account in the Hapsburg Empire and remained so until 1892. In 1857 , the Vereinsthaler was introduced across Germany and Austria-Hungary, with a silver content of 16⅔ Grams . This was slightly less than 1.5 times the silver content of the Gulden. Consequently, Austria-Hungary adopted a new standard for the Gulden, containing two-thirds as much silver as the Vereinsthaler. This involved a Debasement of the currency of 4.97%. Austria-Hungary also Decimalized at the same time, resulting in a new currency system of 100 Kreuzer = 1 Gulden and 1½ Gulden = 1 Vereinsthaler. The Austro-Hungarian Gulden was replaced by the Austro-Hungarian Krone in 1892 at a rate of 2 Krone = 1 Gulden. |
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