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1 000 000 000 Adópengő
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1946 |
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| Reference(s) | Adamo MBK2#P56 |
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|---|---|
| Obverse lettering | ADÓJEGY EGYMILLIÁRD ADÓPENGŐRŐL Kizárólag közadók lerovására 1946. Julius hó 31. napjáig használható (Translation: Tax voucher for one milliard tax pengő To be used until 31st of July, 1946, for payment of debts of communal taxes.) |
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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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| Comments |
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of 1 August 1946 remains the most successful cold-stop currency reform on record — the entire adópengő series was withdrawn and rendered void almost immediately after issue.