Economy of Austria As a member of the economic and monetary union of the European Union (EMU), Austria's economy is closely integrated with other EU member countries, especially with Germany. On 1 January 1999, Austria introduced the new Euro currency for accounting purposes. In January 2002, Euro notes and coins were introduced, replacing those of the Austrian schilling. In Austria, Euros appear as 1999, however all Austrian euro coins introduced in 2002 have this year on it; unlike other countries of the Eurozone where mint year is minted in the coin. Eight different designs, one per face value, were selected for the Austrian
Euro gold and silver commemorative coins (Austria) Euro gold and silver commemorative coins (Austria) Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone. They are minted mainly in gold and silver, although other precious metals are also used on rare occasions. Austria was one of the first twelve countries in the Eurozone to introduce the euro (€), on 1 January 2002. Since then, the Austrian Mint has been minting both normal issues of Austrian euro coins (which are intended for circulation) and commemorative euro coins in gold and silver. These commemorative coins are legal tender only in