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| 正面铭文 | 登录 以查看详情 |
| 背面描述 | 登录 以查看详情 |
| 背面铭文 | EINE MILLION KRONEN 1.000.000 DIE NACHMACHUNG DER BANKNOTEN WIRD GESETZLICH BESTRAFT |
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| 防伪类型 | Watermark |
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| 备注 |
Austria's postwar hyperinflation peaked in 1922, and by the time this note was issued in 1924 the Oesterreichische Nationalbank had already committed to replacing the entire Kronen system with the new Schilling — at a conversion rate of 10,000 Kronen to 1 Schilling. A denomination of one million Kronen, which would have been unimaginable before the war, was by this point barely adequate for routine transactions.
The stabilization program, backed by the League of Nations loan of 1923, is the direct reason this note exists at all: the Bank needed high-denomination paper to bridge the gap while the new currency was prepared. Circulation was short, redemption swift.