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100 000 000 Adópengő
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1946 |
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| Reference(s) | P#142 |
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|---|---|
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| Reverse description | The reverse is printed in reddish-brown on a fine guilloche underprint composed of repeating rosette and lathe-work patterns covering the entire field. A central unframed text block carries the terms and conditions of use for the tax note in Hungarian, with no vignette or pictorial element present. |
| 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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| Comments |
The adópengő was a tax-indexed unit introduced in January 1946 specifically to give the Hungarian state a way to collect taxes in stable-value currency while the pengő itself disintegrated into hyperinflation. By the time this 100,000,000 adópengő note was issued in June 1946, the official conversion rate between adópengő and ordinary pengő was being recalculated and published daily by radio broadcast — the only practical mechanism left for keeping the denominations intelligible.
Hungary's hyperinflation of mid-1946 remains the most extreme ever recorded, peak monthly inflation exceeding 13 quadrillion percent. This note was printed domestically at the Hungarian Banknote Printing Company in Budapest — no foreign printer could have turned the work around fast enough.