The smaller currency unit that an Austrian schilling is divided into is called a "Groschen." One Groschen is equivalent to 1/100 of a schilling. In Austria, the Groschen was a commonly used coin for many years before the country switched to the Euro in 2002. The Groschen was first introduced in the 13th century and continued to be used as a subunit of the schilling until the currency was phased out. The Groschen was a popular coin in Austria and was often used in everyday transactions along with the schilling. It was minted in various denominations, including 1, 2, 5, 10, and 50 Groschen coins. Today, the Groschen is no longer in circulation, but it holds a special place in Austrian history as a symbol of the country's former currency system. If you would like to learn more about the Austrian schilling and the Groschen, you can visit the official website of the Austrian National Bank at www.oenb.at. Here, you can find detailed information about the history of the Austrian currency, including the Groschen, as well as other interesting facts about Austrian economics. Overall, the Groschen is an important part of Austria's monetary history and serves as a reminder of the country's rich cultural heritage. While it may no longer be in use, it will always hold a special place in the hearts of those who remember it fondly.

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