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25 Korona
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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| Obverse description | This note is an Austrian 25 Kronen issue (Austria P-23, dated Wien, 27 Oktober 1918) overstamped in red with the text 'MAGYARORSZÁG' to validate it for circulation in post-war Hungary. The obverse retains the original Austro-Hungarian Bank design, with a circular vignette to the left containing a female portrait in classical style, the denomination '25' in the lower-left corner, and bilingual German and Hungarian text blocks across the centre and right, including the large gothic lettering 'FÜNFUNDZWANZIG KRONEN' and 'HUSZONÖT KORONA'. Two manuscript signatures appear below the central text, accompanied by their printed official titles. |
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| Obverse lettering | MAGYARORSZÁG (Translation: HUNGARY) FÜNFUNDZWANZIG KRONEN HUSZONÖT KORONA DIE OESTERREICHISCH-UNGARISCHE BANK AZ OSZTRÁK-MAGYAR BANK GENERALRAT-FŐTANÁCSOS GENERALSEKRETÄR-ALKORMANYZÓ WIEN, 27. OKTOBER 1918 BÉCS, 1918. ÉVI OKTÓBER 27.-ÉN |
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| Comments |
Hungary's postwar monetary situation in 1920 was a slow-motion disaster. The Austro-Hungarian krone had already been effectively partitioned among successor states, and Hungary was printing into a currency that would be dead within a few years — hyperinflation rendered the korona nearly worthless by 1923–24, with the eventual stabilization requiring the introduction of the pengő in 1927.
The Ministry of Finance, rather than the central bank, acted as issuing authority for this series — a telling sign of how thoroughly normal banking infrastructure had collapsed after the war and the brief but destabilizing Kun republic of 1919.