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50 Pengő
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1932 |
| Type | Log in to see details |
| Value | 50 Pengos (50 Pengő) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ÖTVEN PENGŐ MAGYAR NEMZETI BANK A BANKJEGYEK UTÁNZÁSÁÉRT TÖRVÉNYSZABTA BÜNTETÉS JÁR (Translation: Fifty Pengoes Hungarian National Bank Counterfeiting banknotes is punishable by law) |
| Reverse description | Printed in matching shades of green and brown, the reverse is dominated by a central equestrian scene vignette. Surrounding the central design, the note's value is rendered in six languages within framed text panels, a characteristic feature of the Magyar Nemzeti Bank issues of this period. |
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| Comments |
The Magyar Nemzeti Bank's 1932 50 Pengő series came at a particularly difficult moment for Hungarian public finances. Hungary had suspended debt service on its foreign loans in 1931 and was operating under League of Nations financial supervision — a condition that imposed strict limits on note issuance, making the controlled print run of just over twelve million a matter of external policy as much as domestic monetary management.
The Pengő itself had only been introduced in 1927, replacing the badly inflated Korona at a rate of 12,500 to one.