The schilling was the currency of Austria from 1924 to 1938 and from 1945 to 1999, and the circulating currency until 2002. The euro was introduced at a fixed parity of €1 = 13.7603 schilling to replace it. The schilling was divided into 100 groschen.

The schilling was established by the Schilling Act (Schillingrechnungsgesetz) of December 20, 1924 at a rate of 1 schilling to 10,000 Austro-Hungarian Kronen and issued on March 1, 1925. The schilling was abolished in the wake of the Anschluss (1938), when it was exchanged at a rate of 2 German Reichsmark to 3 schilling.

The schilling was reintroduced after World War II on November 30, 1945 by the Allied Military, who issued paper money (dated 1944) in denominations of 50 groschen up to 100 schilling. The exchange rate to the Reichsmark was 1:1, limited to 150 schilling per person. The Nationalbank also began issuing schilling notes in 1945 and the first coins were issued in 1946.

With a second "schilling" law on November 21, 1947, new banknotes were introduced. The earlier notes could be exchanged for new notes at par for the first 150 schilling and at a rate of 1 new schilling for 3 old schilling thereafter. Coins were not affected by this reform. The currency stabilised in the 1950s, with the schilling being tied to the U.S. dollar at a rate of $1 = 26 schilling. Following the breakdown of the Bretton Woods system in 1971, the schilling was initially tied to a basket of currencies and then, in July 1976, the schilling was coupled to the German mark.

Peter Schilling (born Pierre Michael Schilling on January 28, 1956, Stuttgart, Germany) is a German synthpop musician whose songs often feature science-fiction themes (aliens, astronauts, nuclear holocaust, etc.). His 1983 album, Error in the System, generated his only international hit single, "Major Tom (Coming Home)", a retelling of David Bowie's classic 1969 song "Space Oddity". Although the song was originally recorded in German, the international hit version was sung in English. In 1984 and 1985, Schilling released the albums 120 Grad and 120 Grad's English language version, 1985's Things to Come. From 1986 to 1989, Schilling released non-album singles and put out his 1988 compilation The Different Story. In 1990, Schilling suffered from burnout and the following year he took a break. In 1994, he married his girlfriend Catyana.

In the late 90s, Schilling formed a side project called Space Pilots, which appeared on the first issue of the popular dance music compilation Dancemania series. The band included Catyana Schilling, J. Feifel, and P. Magnet. They have recorded only one song, titled "Trip to Orion". It was released on vinyl and CD in 1995, and appears on the Japanese dance compilation CD Dancemania 1. The song is based on and includes vocal samples from the German science-fiction TV show Raumpatrouille Orion.

Felix Baumgartner (born 20 April 1969 in Salzburg, Austria) is an Austrian skydiver and a BASE jumper. He is renowned for the particularly dangerous nature of the stunts he has performed during his career. Baumgartner spent time in the Austrian military where he practiced parachute jumping, including training to land on small target zones.

He was born on 20 April 1969 in Salzburg, Austria.

In 1999 he claimed the world record for the highest parachute jump from a building when he jumped from the Petronas Towers in Kuala Lumpur, Malaysia.

On 31 July 2003, Baumgartner became the first person to skydive across the English Channel using a specially made fibre wing.

Baumgartner set the world record for the lowest BASE jump ever, from the hand of the Christ the Redeemer statue in Rio de Janeiro.

He became the first person to BASE jump from the completed Millau Viaduct in France on 27 June 2004^{[citation needed]} and the first person to sky dive onto, then BASE jump from, the Turning Torso building in Malmö, Sweden on 18 August 2006.