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1 000 000 000 Adópengő
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1946 |
| Type | Pattern or trial banknote |
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| Obverse description | Printed entirely in dark blue on a pale ground, the face is dominated by a large central text block arranged in three tiers, stating the denomination and tax purpose within an intricate guilloche border of floral and scrollwork ornaments. A rectangular cartouche at the top bears the title ADÓJEGY, while the main body carries the value EGYMILLIÁRD ADÓPENGŐRŐL and the terms of use in bold letterpress. The date Budapest, 1946. évi Május hó 25.-én and the Pénzügyminiszter signature appear in the lower centre, with a warning inscription against counterfeiting set in the bottom panel. |
|---|---|
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| Reverse lettering | Ezt az adójegyet kizárólag azoknak az adő- pengóben kivetett közadóknak a lerovására lehet felhasználni, amelyeknél azt a pénz- ügyminiszter 5.600/1946. M.E. számú rendelet- ben 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 pengo 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 was not a currency in any conventional sense — it was an indexed unit introduced in January 1946 specifically to allow tax collection and postal rates to keep pace with Hungary's hyperinflation, which by mid-1946 was doubling prices roughly every fifteen hours. The pengő itself had become worthless far faster than the government could print replacements; the adópengő was revalued daily against it by official radio broadcast.
This billion-adópengő note was issued in May 1946. Within weeks, notes of one hundred quintillion adópengő were in circulation. The forint stabilization of 1 August 1946 remains the most successful cold-stop currency reform on record — the entire adópengő series was withdrawn and rendered void almost immediately after issue.