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100 Forint
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1946 |
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| Value | Log in to see details |
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| Composition | Paper |
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| Obverse description | At left, an intaglio portrait vignette set within an ornate oval guilloche frame presents Gizella Várszegi, a worker at the banknote printing company, rendered in three-quarter profile by designer Tőkés János. To the right, the issuer's name MAGYAR NEMZETI BANK and denomination SZÁZ FORINT appear in bold letterpress, flanked by a red rosette numeral panel bearing the value 100, against a green guilloche underprint with a faint coat-of-arms watermark element. Three facsimile signatures appear below the bank name, identified by the role captions FŐTANÁCSOS, ELNÖK, and VEZÉRIGAZGATÓ. |
|---|---|
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| Reverse lettering | A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI 100 SZÁZ FORINT |
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| Comments |
Hungary's postwar hyperinflation of 1945–46 remains the worst recorded in economic history, with the pengő ultimately collapsing to a denomination of 100 quintillion. The forint was reintroduced on 1 August 1946 as part of a stabilization program that required near-total elimination of the old currency — the conversion rate from pengő to forint was set at 400,000 quadrillion to one. This 100 Forint note belongs to that first forint emission, meaning it entered circulation on the day the new currency was born.
Magyar Bankjegynyomda, the domestic printing works, handled the entire series despite significant postwar disruption to production capacity in Budapest.