As is always the case in periods of high inflation, the consequences for the population were disastrous. The agenda for the new bank can thus be summarized quite briefly: get the monetary system back in order. The most important ingredient for stability was the reestablishment of trust.
The Austrian people had lost their faith in the Austrian currency because of inflation and state bankruptcy; now a way had to be found to regain public confidence. The solution was to create the new issuing bank as an institution held by private shareholders. This arrangement was not uncommon at the time.