Economy of Austria coins. In 2007, in order to adopt the new common map like the rest of the Eurozone countries, Austria changed the common side of its coins. Before adopting the Euro in 2002 Austria had maintained use of the Austrian schilling which was first established in December 1924. The Schilling was abolished in the wake of the Anschluss in 1938 and has been reintroduced after the end of the World War II in November 1945. Austria has one of the richest collection of collectors' coins in the Eurozone, with face value ranging from 10 to 100 euro (although a 100,000 euro
Austria its perpetual neutrality in foreign political affairs in 1955. Austria has been a member of the United Nations since 1955, joined the European Union in 1995, and is a founder of the OECD. Austria also signed the Schengen Agreement in 1995, and adopted the euro currency in 1999. The German name for Austria, , derives from the Old High German "Ostarrîchi", which meant "eastern realm" and which first appeared in the "Ostarrîchi document" of 996. This word is probably a translation of Medieval Latin into a local (Bavarian) dialect. Another theory says that this name comes from the local name