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Einlösungsscheine

償還券　—　Names of money

New notes exchanged for Bancozettel at a five-to-one ratio. The substance of the Vienna Currency.

Austria — February 20, 1811 / The market
Austria　February 20, 1811 ／ The market

New notes (1811) exchanged in Austria for depreciated Bancozettel at a five-to-one ratio. They became the substance of the "Vienna Currency."

⚠ The failure of one paper currency was redeemed with another. This switch from paper to paper is a classic last resort when credit cannot be restored to specie.