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200 Korona
| Issuer | Magyar Királyi Állami Jegyintézet (Hungarian Royal State Note Institute) |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is an overprinted version of the Austro-Hungarian Bank 200 Kronen note dated Wien, 27. Oktober 1918, retaining the original left-side vignette of a female portrait within a guilloche oval medallion and the denomination numeral 200 below. A large circular red handstamp bearing the inscription MAGYARORSZÁG and the Hungarian coat of arms has been applied at centre to validate the note for circulation in Hungary. Six-digit serial numbers appear in the upper left and upper right corners. |
|---|---|
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| Reverse description | The reverse is entirely unprinted, presenting a plain cream-coloured paper surface with no design, lettering, or ornamentation, consistent with the expedient overprint issue practice used for Hungarian post-war currency validation. |
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| Comments |
The Magyar Királyi Állami Jegyintézet was established in 1920 specifically to issue currency after the dissolution of the Austro-Hungarian Bank, which had lost its legal basis with the collapse of the empire. Hungary was legally prohibited from using the old Austro-Hungarian Krone notes without overstamping them, and the new state note authority filled the gap while a proper central bank — the Magyar Nemzeti Bank — was still years from being chartered (it opened in 1924).
The 200 Korona denomination arrived into an economy already sliding toward hyperinflation. By 1924, the Korona had lost nearly all practical value, and the entire series was superseded by the Pengő conversion.