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100 000 Adópengő
| Issuer | Hungarian State Treasury |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | 100 000 Adópengő (100 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ADÓJEGY EGYSZÁZEZER ADÓPENGŐRŐL KÖZADÓK, KÖZÜZEMI DÍJAK ÉS EGYÉB SZOL- GÁLTATÁSOK ELLENÉRTÉKÉNEK LEROVÁSÁRA 1946 ÉVI JÚLIUS HÓ 31. NAPJÁIG HASZNÁLHATÓ (Translation: Tax voucher for 100,000 tax pengő To be used until 31st of July, 1946, for payment of debts of communal taxes, utility fees and other services.) |
| Reverse description | Log in to see details |
| Reverse lettering | Ezt az adójegyet azoknak az adópengőben kive- tett közadóknak, közüzemi díjaknak és szol- gáltatások ellenértékének lerovására lehet fel- használni, amelyeknél a pénzügyminiszter az 5.970/1946. M. E. számú rendeletben kapott fel- hatalmazás útján engedélyezi. A túloldalon jel- zett felhasználási határidő lejártával ez az adó- jegy érvényét veszti; Az érvényességi határidőig fel nem használt adójegy alapján az államkincs- tárral szemben követelést támasztani nem lehet. (Translation: This tax note may be used to pay public taxes, utility charges and other services levied, which the Minister of Finance authorized by Prime Ministerial Decree No. 5.970/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid; After the deadline date no claim can be made against the state treasury on the basis of an unused tax note.) |
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| Comments |
Hungary's 1946 hyperinflation is the most severe on record — the peak monthly inflation rate in July 1946 exceeded 4 × 10¹⁶ percent, a figure that makes Weimar Germany look stable by comparison. The adópengő was introduced in January 1946 as an indexed unit tied to official price indices, intended to give the tax system and savings a buffer against the collapsing pengő. It didn't hold. Within months, adópengő denominations were racing upward just as fast.
By the time the forint replaced the entire system on 1 August 1946, one forint was set equal to 400,000 quadrillion pengő. The 100,000 adópengő note, despite a print run of over twelve million, had an effective purchasing life measured in days.