Catalog & market information for bank notes issued by Republik Österreich

After the Axis powers were defeated in World War II, Austria was partitioned into American, British, French, and Soviet zones and governed by the Allied Commission for Austria. The Soviet army prepared currency for use in its occupied sector, although only the 1-reichsmark note was issued. On 15 May 1955, Austria regained full independence by concluding the Austrian State Treaty with the Four Occupying Powers. On 26 October 1955, after all occupation troops had left, Austria declared its “permanent neutrality” by an act of parliament.