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2025-04-26 06:55:21

andre21 on Nostr: The first note-issuing institution in the Habsburg Monarchy was the Municipal Bank of ...

The first note-issuing institution in the Habsburg Monarchy was the Municipal Bank of Vienna or Wiener Stadtbank, established in

1706.[1] It started issuing banknotes in 1762, which were known as "Bancozettel". During the Napoleonic Wars, the imperial Austrian government issued paper money of its own and rapidly increased its supply to finance the war effort, causing inflation.

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