I don’t know whether Austria’s on the Euro now or not, so if they are, this only counts for the olden days, but…
A little historical background on European money: The general unit of currency was a pound of silver. This survived into the English pound, the Italian Lira, and some others. The pound of silver was then divided into 240. The English called these pence.
The currency for Austria is the schilling. A schilling (like the English shilling) is worth 1/20 of a pound. This matches up when I look at some prices from Austria (120 schillings for a book), it matches up with the 1/20 of a pound. So, why didn’t they take to the pound like England, France, Italy, etc.?
Another question, did the other European countries use the shilling at all? Which ones actually used the pound?