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200 Forint

Issuer Magyar Nemzeti Bank (Hungarian National Bank)
Year 1998
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Designer(s) Károly Vagyóczky
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Protection type Watermark, Security thread, Latent image
Protection description Károly Róbert's portrait visible when held to light; embedded security thread with microtext; latent-image strip at right margin of reverse showing denomination numerals at varying angles.
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Comments

The 200 Forint denomination was introduced in 1998 as part of Hungary's redesigned note series following the hyperinflationary legacy of the early post-communist transition — by the mid-1990s, the forint had stabilized enough to justify a coherent long-term series. Magyar Pénzjegynyomda, which has printed Hungarian currency continuously since 1923, handled production entirely domestically, with a print run of just over 12 million for this date.

Vagyóczky handled both the design and the obverse engraving himself — relatively uncommon when those roles are typically divided between a design studio and a specialist intaglio engraver.

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