Catalog
See full images - free registration
Continue with Google - no registration!
or register with email
Why register? Just to keep bots out of our catalog. Your email stays private - we will never share it or send you anything uninvited. We guarantee you that!
1 000 000 000 Adópengő
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Adopengo (1946) |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ADÓJEGY EGYMILLIÁRD ADÓPENGŐRŐL Kizárólag közadók lerovására 1946. Julius hó 31. napjáig használható (Translation: Tax voucher for one milliard tax pengő To be used until 31st of July, 1946, for payment of debts of communal taxes.) |
| Reverse description | Printed in dark blue on a plain pale ground, the reverse carries a dense block of text centred within a simple ruled border, setting out the legal conditions governing use of the tax note. A radiating starburst guilloche underprint appears scattered across the field behind the text, providing a decorative security background. No pictorial vignette or arms appear; the entire surface is devoted to the statutory terms and conditions in Hungarian. |
| Reverse lettering | Log in to see details |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The adópengő was not a currency in any conventional sense — it was an indexed unit introduced in January 1946 specifically to allow tax collection and postal rates to keep pace with Hungary's hyperinflation, which by mid-1946 was doubling prices roughly every fifteen hours. The pengő itself had become worthless far faster than the government could print replacements; the adópengő was revalued daily against it by official radio broadcast.
This billion-adópengő note was issued in May 1946. Within weeks, notes of one hundred quintillion adópengő were in circulation. The forint stabilization of 1 August 1946 remains the most successful cold-stop currency reform on record — the entire adópengő series was withdrawn and rendered void almost immediately after issue.