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10 000 000 Adópengő
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1946 |
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| Composition | Paper |
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| Reverse description | Plain cream ground with a lightly printed guilloche rosette underprint at centre, enclosed within a simple ruled border with fine ornamental cornerpieces. The entire face is occupied by a block of explanatory text in Hungarian setting out the conditions of use, validity period, and restrictions on claims against the state treasury. |
| Reverse lettering | Ezt az adójegyet kizárólag azoknak az adő- pengóben kivetett közadóknak a lerovására lehet felhasználni, amelyeknél azt a pénz- ügyminiszter 5.600/1946. M.E. számú rendelet- ben kapott felhatalmazás alapján engedélyezi. A túloldalon jelzett felhasználási határidő lejártával ez az adójegy érvényét veszti s az érvényességi határidőig adólerovásra fel nem használt adójegy alapján az államkincstárral szemben követelést támasztani nem lehet. (Translation: This tax note may be used to pay public taxes levied in the tax pengo which the Minister of Finance authorized by Prime Ministerial Decree No. 5.600/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid and no claim can be made against the state treasury on the basis of a tax note not used for tax payment before the expiry date.) |
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The adópengő was a tax-indexed unit introduced in January 1946 specifically because the regular pengő was inflating faster than the government could print. By linking face value to a daily tax index, the Hungarian Ministry of Finance hoped to issue notes that retained at least nominal purchasing power long enough to be useful. It did not work. The index itself accelerated, and by late July 1946 the adópengő was also worthless — both currencies were replaced simultaneously by the forint on 1 August 1946.
The 10,000,000 adópengő denomination, extraordinary as it sounds, was not near the top of the series. Notes reached 100,000,000 adópengő before the collapse.