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1 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Dark blue intaglio print on pale green-grey paper, with an intricate guilloche border framing the entire face. The large denomination numeral '1' appears in an oval cartouche at upper centre, flanked by the serial number in red. The face value 'EGY KORONA' is set in bold letterpress across the centre field, above a five-line legal tender text and the Budapest date inscription of 1 January 1920. To the right, a circular vignette contains a left-facing portrait bust of a young woman in classical dress, her hair braided and pinned, rendered in fine intaglio line engraving. A facsimile signature of the Pénzügyminister appears below the main text block. |
|---|---|
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| Reverse lettering | EGY KORONA (Translation: One Crown) |
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| Comments |
Hungary's postwar monetary situation in 1920 was chaotic. The Austro-Hungarian krone had collapsed in value following the dissolution of the empire, and the new Hungarian state was issuing notes under emergency authority while the formal central banking structure remained unresolved. This 1 Korona was produced domestically — Budapest printing capacity was strained, and the small-denomination issues from this period often show inconsistent ink distribution and sheet registration as a result.
The Ministry of Finance acting as issuing authority, rather than a bank, reflects how improvised the arrangements were. A proper national bank, the Magyar Nemzeti Bank, would not be established until 1924.