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100 Korona
| Issuer | Hungarian Royal Ministry of Finance (Magyar Királyi Pénzügyminisztérium) |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | SZÁZ KORONA EZ AZ ÁLLAMJEGY, A MELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZTÁRNÁL FIZETÉSKÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1923. ÉVI JULIUS HÓ 1-ÉN. PÉNZÜGYMINISTER AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. Magyar Pénzjegynyomda Rt. Budapest. |
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| Variants | P#73a - with Printer's name P#73b - without Printer's name |
| Comments |
By 1923, Hungary was deep in the hyperinflation that followed the dismemberment of the Austro-Hungarian Empire and the punishing terms of the 1920 Treaty of Trianon. This note was issued not by a central bank but directly by the Ministry of Finance — a consequence of the fact that Hungary lacked a functioning independent central bank until the Magyar Nemzeti Bank was formally established in 1924. Tibor Kállay served as Finance Minister from 1921 to 1924, presiding over a currency in freefall; the 100 Korona denomination, once substantial, had become nearly worthless by the time most of these notes entered circulation.