Austria Unknown (Banknote?)

Found this while going through some old albums. Any ideas? Looks like a Banknote to me. I hope someone out there can ID this. Thanks in advance.

Well, my high school German is not very good any more, but it says that it is a banknote right on it! Looks like it came straight from the printer! It is Austro-Hungarian from around 1922.

Peter

ADDENDA: The item is only printed on the front side. It measures 56 x 76 mm.

My answer is still the same. If you Google Austro-Hungarian Bank and look at the "images" you find a whole bunch of different ones.

Peter

The Austrian-Hungarian Bank was dissolved in 1922 and all
assets/liabilities divided between the Austrian and Hungarian National
Banks.

https://www.oenb.at/Ueber-Uns/Geldm...pic=&period=

Value as per 2014 Paper Money Catalogue is 40c for
uncirculated.

There is a connection though with stamps since the designer
of this banknote Rudolf Junk also designed Austrian stamps.

The banknote looks like "Notgeld" or emergency money. Germany and Austria were going through a severe economic crisis at this time, with historic hyperinflation. Many cities issued their own currency. I know that at some point, German federal banknotes were only printed on one side.

The banknote might look like Notgeld but it was officially
issued by the Oesterreichisch-ungarische Bank which made
it currency throughout Austria.
https://de.wikipedia.org/wiki/Oeste...arische_Bank

Even so it wasn't worth much since in 1924/25
when Austria reformed it's currency the exchange rate
was 10,000 Kronen = 1 Schilling.

Here is the first banknote of the new Schilling
currency which showed the public clearly what
the old Krone was worth. 10,000 = 1



It was also designed by Rudolf Junk

Nice banknote with beautiful under printing.

Also, I like the month "Jaenner" ...January in the Austrian dialect.

Also, regarding the exchange values of these currencies: a chart in the Federal Reserve Bulletin (U.S.A.) of January, 1929 shows the yearly averages "in cents per unit of foreign currency" of the Austrian krone as 0.0014 (14/10000 of 1 cent U.S.) in both 1923 and 1924.

When the schilling was introduced in 1925, it's average value in U.S. Cents was 14.06.

Yep, printing on one side sped up the printing and saved money. The blank side of the notes came in handy as a source of good old scratch paper. German banks used to order blank pads of paper for their tellers to use as scratch paper, but during the worst of the hyper-inflation, bills became so worthless that the stack of money they sent as payment was larger than the stack of blank paper they got in return. Thus, at least in this circumstance, the banknotes were actually worth less than the paper they were printed on. Banks took to just using the blank sides of the notes as scratch paper. They could throw the money away at the end of the day, they'd still be coming out ahead.