1000 Schilling

Austria emerged from World War II without a functioning central bank administration, and the Oesterreichische Nationalbank was formally re-established by the provisional government in July 1945. This note belongs to the first postwar series issued under that reconstituted authority — a high denomination at a moment when wartime inflation had already eroded purchasing power significantly.

Fritz Zerritsch der Jüngere was a Viennese sculptor and graphic artist whose design work for the ONB spanned several series. The 1945 issue was produced under difficult immediate postwar conditions, and early examples show inconsistent print quality as a result.