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| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1919 |
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| Currency | Crown (1919-1926) |
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| Obverse description | Central vignette of a seated male allegorical figure, rendered in intaglio, set against an elaborate guilloche underprint with foliate and geometric patterns; denomination numerals '100' appear in the upper left and right corners. The right portion of the note carries a text panel with the issuing institution's name, the denomination 'SZÁZ KORONA' in large bold letterpress, and the date Budapest, 1919. Július 15., with three manuscript signatures below designating Főellenőr, Főfelügyelő, and Főpénztáros. |
|---|---|
| Obverse lettering | A MAGYAR POSTATAKARÉK-PÉNZTÁR BÁRKI KÍVÁN-SÁGÁRA E PÉNZJEGYET SZÁZ KORONA ÉRTÉKBEN ÁTVÁLTJA MÁS TÖRVÉNYES PÉNZNEMEKRE. BUDAPEST, 1919. JULIUS 15. MAGYAR POSTATAKARÉKPÉNZTÁR FŐELLENŐR. FŐFELÜGYELŐ. FŐPÉNZTÁROS. ÉRVÉNYES A TÖRVÉNY SZERINT BÜNTETÉS ÉRETÉS |
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| Comments |
The Magyar Postatakarékpénztár stepped in as a note-issuing authority in 1919 because Hungary, freshly separated from Austria after the collapse of the Dual Monarchy, lacked a central bank of its own. The Austro-Hungarian Bank's operations were in administrative freefall, and the Postal Savings Bank — already a trusted state institution with a functioning bureaucracy — was one of the few bodies capable of putting paper into circulation quickly.
P#39 belongs to an extremely turbulent window: between November 1918 and early 1920, Hungary cycled through the post-war republic, the short-lived Hungarian Soviet Republic under Béla Kun, and the Romanian occupation of Budapest. Notes issued under the Postal Savings Bank name crossed multiple regimes without reissue.