The schilling was the currency of Austria from 1925 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 groschen.

Groschen is the name for various coins, especially a silver coin used in parts of Europe such as France, some of the Italian states, England, various states of the Holy Roman Empire, among others. The word is borrowed from the late Latin description of a tornose, a grossus denarius Turnosus, in English the "thick denarius of Tours". Groschen was frequently abbreviated in old documents to gl, whereby the second letter was not an l, but an abbreviation symbol; later it was written as Gr or g.