Counterfeit Banknotes Rise by 30% in Austria
The €50 banknote was the most commonly forged, with 4,258 notes (41.7%) seized, followed by the €100 and €20 notes.
Billions in Unexchanged Schillings Still in Circulation
The Schilling was Austria’s official currency from 1925 to 1938 and again from 1945 until the euro’s introduction in 2002.
ÖNB Warns of Rising Commercial Property Risks
From the middle of next year, banks will need to keep more capital on hand if they have loans in this area, the OeNB said.
Russian Scammers Target Ukrainians in Austria
The criminals contact potential victims by phone and WhatsApp, urging them to transfer their savings to a fake bank account.
Central Bank Predicts Wage Slowdown
According to the OeNB, wages in the private sector will slow down this year, but salary increases in the public sector will remain high.
