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20 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 20 Crowns (Koronás) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Obverse description | The left half of the note is dominated by the bold title inscription 'HÚSZ KORONA' in red, above the statutory text in black letterpress, with a single manuscript signature of the Pénzügyminister (Finance Minister) below. To the right, a detailed oval vignette presents a view of Mátyás Church (Matthias Church) in Budapest, framed by an intricate guilloche border with the numeral '20' repeated in each corner. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The Hungarian coat of arms is positioned at the top centre. The face value '20' and the denomination 'HÚSZ KORONA' appear in bold at the centre, surrounded by the value stated in five additional languages arranged above and below in smaller text, all set within a decorative guilloche frame. |
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| Comments |
Hungary's post-WWI financial situation was dire enough that the Royal Ministry of Finance — rather than the Austro-Hungarian Bank, which had collapsed with the empire — was issuing currency directly. This 20 Korona is part of that stopgap domestic production, printed entirely within Hungary during a period when the new state lacked a functioning central bank of its own. The Magyar Pénzjegynyomda in Budapest handled the series.
The print run of just over twelve million is modest by wartime emergency standards, and significant attrition occurred during the 1920s inflation and subsequent currency reforms that replaced the Korona with the Pengő in 1927.