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100 000 Adópengő Tax note, 2nd edition
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
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| Currency | Adopengo (1946) |
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| Obverse description | Plain red-on-white design with a light guilloche underprint border. The central text in large bold lettering reads SZÁZEZER ADÓ-PENGŐRŐL (one hundred thousand tax pengő), above which the legend NEM KAMATOZÓ PÉNZTÁRJEGY (non-interest-bearing cash note) appears. Series letter and serial number are printed in the upper corners; two manuscript facsimile signatures of the Számv. Igazgató and Vezérigazgató appear below the denomination, accompanied by a circular round stamp from a local post office at lower left and the oval Magyar Postatakarékpénztár seal at lower right. |
|---|---|
| Obverse lettering | NEM KAMATOZÓ PÉNZTÁRJEGY SZÁZEZER ADÓ-PENGŐRŐL SZÁMV.IGAZGATÓ VEZÉRIGAZGATÓ TULAJDONOS ALÁÍRÁSA MÁSRA ÁT NEM RUHÁZHATÓ (Translation: Interestless cash ticket for hundred thousand tax Pengő / Chief Accountant / Director General / Owner's signature / Non-transferable) |
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| Comments |
The adópengő was introduced in January 1946 as an indexed unit tied to a price index, specifically designed to give the Hungarian state a way to collect taxes and conduct official transactions without the fiction that the collapsing pengő held any stable value. By the time this second-edition 100,000 adópengő note was issued, the underlying pengő had already entered the most severe hyperinflation ever recorded — the July 1946 peak required denominations reaching 100 quintillion pengő.
The Magyar Postatakarékpénztár, rather than the National Bank, issued these tax notes — a bureaucratic distinction that mattered legally even as the monetary system disintegrated around it. The second edition exists because demand outpaced the first printing within weeks.