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20 000 Forint

Issuer Magyar Nemzeti Bank
Year 2015-2021
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Value 20 000 Forint
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Obverse description Intaglio-printed portrait of Ferenc Deák at right, rendered in blue-grey tones against a fine guilloche underprint with geometric latticework at left. The large numeral «20000» dominates the upper centre in deep blue intaglio, with the denomination «HÚSZEZER FORINT» lettered below; the Hungarian coat of arms appears at centre-left alongside a floral rosette vignette. Issuer name «MAGYAR NEMZETI BANK», place and date of issue «BUDAPEST 2015», and the statutory inscription appear along the lower margin.
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Protection type Watermark, Security thread, Hologram, Colour-shifting ink, Microprinting, Intaglio relief print
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Comments

The 20 000 forint is the highest denomination in regular Hungarian circulation and was introduced partly in response to sustained inflation eroding the practical utility of the 10 000 forint note. Pénzjegynyomda, the state-owned printing house in Budapest, has produced all modern Hungarian notes domestically — an unusual degree of self-sufficiency for a mid-sized central European economy, and one the Magyar Nemzeti Bank has consistently maintained since the post-communist monetary transition.

Vagyóczky handling both design and obverse engraving on the same note is worth noting; the intaglio work and the compositional decisions are therefore from a single hand, which tends toward greater coherence in the finished relief.

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