1 Korona Vörös Újság

Vörös Újság — "Red Newspaper" — was the official organ of the Hungarian Communist Party, and during the brief Hungarian Soviet Republic of 1919 its publishing operation issued these small-denomination vouchers for internal use among staff and affiliated procurement networks. They are not banknotes in any conventional sense: the issuing body, the Vörös Ujság Beszerzési Csoport (Procurement Group), had no banking authority whatsoever.

The Soviet Republic collapsed in August 1919 after 133 days, and anything connected to it was suppressed under the Horthy counterrevolution. That political erasure is the main reason these vouchers survived in such small numbers.