Currency Protection Law

通貨保護法　—　Institutions

The law for the Second Austrian Currency Reform of November 1947.

An Austrian law of November 1947. As the Second Currency Reform, it stipulated the exchange of old banknotes and a partial freeze of deposits to curb post-war inflation.

⚠ A law with "protection" in its name actually reduces the contents of one's wallet. The names of currency laws are often euphemistic.