25 Gulden

The Wiener Stadt Banco was Austria's oldest public credit institution, established in 1706 primarily to manage municipal debt. By the 1780s it was issuing Banco-Zettel — assignat-style paper instruments — under increasing pressure from Joseph II's costly reformist agenda and the fiscal demands of a state permanently short of silver. These notes circulated alongside the better-known Wiener Stadt Banco issues of the Theresian period, but the 1784 series reflects a distinct administrative reorganization under the Josephinian bureaucracy.

Forced currency status for Banco-Zettel was declared in 1762 and never fully lifted, meaning holders had no practical recourse against depreciation.