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50 Korona
| Issuer | Hungary |
|---|---|
| Year | 1920 |
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| Value | Log in to see details |
| Currency | Crown (1919-1926) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | MAGYARORSZÁG (Translation: HUNGARY) ÖTVEN KORONA Az Osztrák-magyar bank e bankjegyek beváltására azonnal üzei bécsi e budapesti főintézetnél. Bécs, 1902. Január 2. Osztrák-magyar bank. A BANKJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. |
| Reverse description | Reverse of the underlying Austro-Hungarian Bank 50 Kronen note dated Wien, 2. Jänner 1902, printed in grey-blue intaglio. Two seated classical allegorical female figures appear at left and right within ornate guilloche frames, flanking a central text panel bearing the denomination Fünfzig Kronen in Gothic script with the series number above. Multi-language inscriptions run along the lower border in German, Czech, Polish, Croatian, and other languages of the Empire. |
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| Comments |
Hungary's post-WWI financial situation was already deteriorating badly by 1920, with inflation accelerating under the strain of Trianon-imposed reparations and the dismemberment of the old Austro-Hungarian monetary system. This 50 Korona was issued by the Hungarian Royal State Treasury — not a central bank, since the Austro-Hungarian Bank's Hungarian operations were being wound down and no independent Hungarian central bank yet existed.
The Magyar Nemzeti Bank wouldn't be established until 1924. By then, the Korona was in freefall, and notes like this one had been rendered nearly worthless long before they wore out.