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10 000 Adópengő Tax note, 2nd edition
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
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| Shape | Rectangular |
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| Obverse description | Plain light-toned note with series letter 'A' and serial number at upper left and right respectively. The central text in bold letterpress reads 'NEM KAMATOZÓ PÉNZTÁRJEGY' above the large denomination inscription 'TIZEZER ADÓPENGŐRŐL'. Two manuscript facsimile signatures appear below, attributed to the Számvigazgató (Financial Director) and Vezérigazgató (Director General), with a space for the owner's signature beneath. A circular Hungarian Postal Savings Bank seal is printed at lower right, and some examples bear an additional round cancellation stamp from local post offices. The lower banner reads 'MÁSRA ÁT NEM RUHÁZHATÓ' (non-transferable). |
|---|---|
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| Reverse description | The reverse is divided into two panels. The left panel contains ruled lines for recording the date of cancellation ('Felmondás kelte') and date of payment ('Kifizetés kelte'), with spaces for the amount received in adópengő and the owner's signature. The right panel, headed 'TUDNIVALÓK' (Conditions/Information), carries four numbered clauses in Hungarian text setting out the redemption rules, legal references, and conditions of use, issued under the authority of Magyar Postatakarékpénztár. |
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| Comments |
The adópengő was introduced in January 1946 as an indexed unit tied to a price index, a desperate attempt to provide a stable medium of exchange while the regular pengő disintegrated beneath one of the worst hyperinflations ever recorded. By the time this note was in circulation, the National Bank was issuing denominations in the quintillions of pengő, yet the adópengő — revalued daily by radio broadcast — briefly held its purchasing power by design.
The Magyar Postatakarékpénztár issued these tax notes rather than the central bank, a jurisdictional quirk born of institutional improvisation. The second edition designation matters: the first run had already been overtaken by inflation before the ink was dry.