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500 000 Adópengő
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | Dark blue on pale grey underprint. The face is entirely typographic in character, set within an elaborate letterpress border of interlaced guilloche panels and foliate corner ornaments. The denomination 'ÖTSZÁZEZER ADÓPENGŐRŐL' is printed in large display type at centre, surmounted by the title 'ADÓJEGY' in a solid dark panel at top. Below the denomination text appear the place and date of issue, a facsimile signature of the Minister of Finance with the title 'PÉNZÜGYMINISZTER', and a warning legend in a dark panel at the foot. |
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| Reverse lettering | Ezt az adójegyet kizárólag azoknak az adópengőben kivetett közadóknak a lerovására lehet felhasználni, amelyeknél azt a pénzügyminiszter 5.600/1946. M.E. számú rendeletben kapott felhatalmazás alapján engedélyezi. A túloldalon jelzett felhasználási határidő lejártával ez az adójegy érvényét veszti s az érvényességi határidőig adólerovásra fel nem használt adójegy alapján az államkincstárral szemben követelést támasztani nem lehet. (Translation: This tax note may be used to pay public taxes levied in the tax pengő which the Minister of Finance authorized by Prime Ministerial Decree No. 5.600/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid and no claim can be made against the state treasury on the basis of a tax note not used for tax payment before the expiry date.) |
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The adópengő — literally "tax pengő" — was an indexed unit of account introduced by the Hungarian Ministry of Finance in January 1946 specifically because the ordinary pengő was inflating so fast it could not function. Daily radio broadcasts announced the official conversion rate; the 500,000 adópengő note was issued in May 1946, by which point the underlying pengő had already lost any practical meaning for large transactions.
Hungary's hyperinflation of 1945–46 remains the most severe ever recorded. The adópengő system bought a few months of administrative stability before the forint replaced everything in August 1946 at a rate that required 400 octillion pengő to equal one forint.
Endre Horváth designed across the full adópengő series.