Catalog
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| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1919 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Paper |
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|---|---|
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| Protection type | Guilloche |
| Protection description | Intricate machine-engraved guilloche rosettes and lathe-work patterns covering the reverse as the primary security element against counterfeiting. |
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| Comments |
The Magyar Postatakarékpénztár was pressed into emergency currency issuance during the chaotic months following the collapse of Austria-Hungary, filling the void left by the absence of a proper central bank. This 5 Korona note was produced in 1919 amid the overlapping crises of the Hungarian Democratic Republic, the brief Hungarian Soviet Republic under Béla Kun, and the Romanian military occupation — meaning notes printed in the same series potentially circulated under three entirely different governments within a single year.
The print run of just over one million was modest given the inflationary pressures of the period, and many were quickly rendered obsolete by successive currency decrees.